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Mortgage Market Update
My Mortgage Company
Affluent Mortgage LLC
Wednesday, September 2, 2026
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Does refinancing make sense right now? |
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Hi there. Markets shift, and so do your options. This week I want to talk about when refinancing actually pays off.
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National Mortgage Rates · August 27, 2026
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Source: Freddie Mac PMMS & Optimal Blue via FRED
Rates shown are national averages and are provided for informational purposes only. Actual rates vary based on credit profile, loan amount, and market conditions. Please contact us for a personalized rate quote.
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Refinancing Strategy
When a rate drop is worth the paperwork
Not every rate movement calls for a refi—sometimes the closing costs and time involved don't make financial sense. But there are moments when refinancing can genuinely improve your situation, whether by lowering your monthly payment, shortening your loan term, or switching from an adjustable to a fixed rate. The key is running the numbers: how much you'd save each month versus what you'd pay upfront, and how long you plan to stay in the home. I'm happy to walk through a quick analysis with you, no obligation. If the math works, we can move forward. If it doesn't, at least you'll know you made an informed decision. Let me know if you'd like me to crunch the numbers for your specific situation.
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Tip of the Week
Your mortgage interest may be tax-deductible if you itemize. Check with your tax professional to see if it benefits you.
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Tips for Homeowners
Understanding Mortgage Points
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1.
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One mortgage point equals 1% of your loan amount. Paying points ("buying down the rate") reduces your interest rate — typically 0.25% per point, though this varies by lender and market.
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2.
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Calculate your break-even: divide the cost of the points by your monthly savings. If it takes 4 years to break even and you plan to stay 10 years, buying points makes sense.
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3.
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Points paid on a home purchase are generally tax-deductible in the year paid (if you itemize). Points on a refinance must be deducted over the life of the loan.
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Have questions about how any of this affects your mortgage or home purchase? We're here to help — reach out to the My Mortgage Company team any time and we'll walk you through your options. |
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Your Mortgage Advisor
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My Mortgage Company
Affluent Mortgage LLC
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