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Mortgage Market Update
My Mortgage Company
Spencer Javier
Wednesday, September 2, 2026
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Does refinancing fit your goals right now? |
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I wanted to share some straightforward thinking about refinancing — not whether you should, but how to know if it's worth exploring.
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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 for your situation
Refinancing isn't always the right move, but it can be worth considering when your circumstances change. Some borrowers refinance to lower their interest rate, which reduces monthly payments or shortens loan length. Others tap into home equity to fund renovations, consolidate debt, or cover major expenses. The key is understanding your own goals first — whether you're looking to save on interest, access cash, or change your loan terms. Every situation is different, and the timing matters. I'd be happy to walk through whether refinancing could work for you and what the real costs and benefits might look like. Let's talk about whether refinancing makes sense in your case.
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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
Spencer Javier
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