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Mortgage Market Update
My Mortgage Company
Nathan Grant
Wednesday, September 2, 2026
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Does refinancing make sense right now? |
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Hi there — I'm sharing what I'm hearing from clients about refinancing decisions lately. It's a topic worth revisiting whenever your circumstances or the market shifts.
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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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Smart Borrowing
When refinancing makes sense (and when it doesn't)
Refinancing isn't always the right move, even when rates drop or your situation changes. I find that borrowers often wonder whether it's worth the time and cost. The truth: it depends on how long you plan to stay in your home, your current rate versus what's available now, and the closing costs involved. Sometimes a refinance pencils out beautifully within a year or two. Other times, you're better off putting that energy toward paying down your principal or building emergency savings. I'm happy to walk through the math with you — there's no obligation, just clarity. Let's figure out what actually makes sense for your situation. Reach out if you'd like to talk through whether refinancing could work for you.
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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
Nathan Grant
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