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Mortgage Market Update
My Mortgage Company
Charlie Flohr
Wednesday, September 2, 2026
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Should you refinance? Let's find out. |
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Hi there. One of the most common questions I hear is whether it's time to refinance. The answer depends on more than just rates—it's about your personal situation.
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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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Refinance Strategy
When refinancing makes sense (and when it doesn't)
Refinancing isn't always the right move, even when rates drop. The real question is whether the monthly savings justify the costs and time involved in getting a new loan. Some borrowers benefit immediately; others need to stay in their home long enough for those savings to add up. That timeline varies based on your situation—your current rate, how much you owe, and your plans to stay put. I help clients run the real numbers so they can decide with confidence, not guesswork. If you've been wondering whether now is your moment, let's talk through it together. Reach out if you'd like me to walk through a refinance scenario tailored to your loan.
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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
Charlie Flohr
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