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Mortgage Market Update
My Mortgage Company
Natalie Lenderman
Wednesday, September 2, 2026
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Does refinancing make sense for you? |
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One of the questions I get most often is whether it's time to refinance. The answer depends on more than just rates — and I'd like to walk you through it.
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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 refinancing actually makes sense
Refinancing isn't right for everyone, and it's not right all the time. The real question isn't whether rates have moved — it's whether a new loan saves you money over the time you plan to stay in your home. If you're thinking about selling within a few years, the closing costs might never pay for themselves. But if you're settling in long-term, even a modest rate improvement can add up to real savings. I help borrowers run the actual numbers so they know what they're looking at, not just chase headlines about what rates are doing. Let's talk through whether refinancing makes sense 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
Natalie Lenderman
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