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Mortgage Market Update
My Mortgage Company
925 E Windsor Dr
Wednesday, September 2, 2026
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Does refinancing make sense for you? |
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When rates shift or life changes, refinancing gets back on people's radar. But not every homeowner should do it — and that's worth figuring out now.
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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 makes financial sense
A lot of homeowners wonder if they should refinance, but the real question is whether it pencils out for your situation. Refinancing isn't always the right move — it depends on how long you plan to stay in your home, what your current loan terms are, and how much you'd save each month. Sometimes the closing costs take years to recoup. Other times, the math works in your favor almost immediately. I help clients run these numbers so you can make a decision based on facts, not just the feeling that rates might be better. If you've been thinking about it but aren't sure, let's talk through what makes sense for you. If you're curious whether refinancing could benefit you, reach out and we can walk through the details together.
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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
925 E Windsor Dr
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