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Mortgage Market Update
My Mortgage Company
Oltin Roshi
Wednesday, September 2, 2026
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Does refinancing make sense for you? |
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Hello! This week I want to talk about refinancing—not whether you should do it right now, but how to figure out if it's even worth considering.
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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 Basics
When refinancing makes sense (and when it doesn't)
A lot of homeowners ask me if they should refinance, and honestly, the answer depends on your specific situation—not just what rates are doing. Refinancing can lower your payment, shorten your loan term, or help you tap into equity for a major project. But it also comes with closing costs and a new loan timeline, so it only pencils out if you'll stay in the home long enough to break even on those costs. I always run the numbers both ways so you can see the real picture. If you've been thinking about refinancing but aren't sure whether it makes sense for you right now, let's talk through your options. Reach out anytime—I'm happy to walk through whether refinancing could work for your 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
Oltin Roshi
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