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Mortgage Market Update
My Mortgage Company
Eric Goldstein
Wednesday, September 2, 2026
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Does it make sense to refinance right now? |
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Hi, I'm sharing a topic this week that comes up a lot: refinancing. Whether it's worth doing depends entirely on 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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Refinancing Strategy
When refinancing makes sense for you
Refinancing isn't always the right move, but it can be powerful when the numbers align. Most borrowers think about it when rates drop, but the real question is whether your monthly savings—or other benefits like switching to a shorter loan term—outweigh the costs to refinance. Sometimes it makes sense; sometimes you're better off staying put. The only way to know for sure is to look at your specific situation: your current rate, the new rate environment, how long you plan to stay in your home, and what you're trying to accomplish. If you've been wondering whether now is the time, I'd like to walk through the numbers with you and help you see what actually pencils out. Reach out and we can run the numbers on your loan—no pressure, just clarity.
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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
Eric Goldstein
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