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Mortgage Market Update
My Mortgage Company
Amanda Rawls
Wednesday, September 2, 2026
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Should you refinance? Let's find out. |
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I hear from homeowners all the time who wonder if refinancing is the right move. Today I want to break down how to actually think about that decision.
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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 does refinancing actually make sense?
A lot of homeowners wonder if they should refinance, but the answer really depends on your specific situation. The main things to consider are how long you plan to stay in your home, what your current loan terms are, and how refinancing costs compare to what you'd save. Sometimes a refinance makes perfect sense; other times, you're better off staying put. I can walk through the numbers with you and help you figure out whether it's worth exploring right now — or if waiting makes more sense. Either way, it's worth having that conversation so you're not left guessing. I'd be happy to run through a quick refinance analysis with you — just reach out and we'll see what your options look like.
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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
Amanda Rawls
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