David Gentile · September 2, 2026

Should you think about refinancing?

Mortgage Market Update

My Mortgage Company

David Gentile

Wednesday, September 2, 2026

Should you think about refinancing?

Hi there — I'm sharing practical mortgage insights every week to help you make confident decisions about your home. This week, let's talk about refinancing and when it actually makes sense.

National Mortgage Rates · August 27, 2026

30-Year Fixed

6.66%

FHA 30-Year

6.55%

VA 30-Year

6.38%

Rate trend

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.


Refinancing Basics

When refinancing makes sense for your situation

Refinancing isn't one-size-fits-all — it works for some homeowners and not for others, depending on your goals and timeline. Some people refinance to lower their monthly payment, others to shorten their loan term or tap into equity for a major expense. The key is understanding what you're trying to accomplish and whether the numbers actually work in your favor.

If you've been in your home a while, owned it outright, or seen your credit improve, a conversation about refinancing might be worth your time. I can walk you through the basics, show you what your options might look like, and help you decide if it's the right move. No pressure — sometimes the answer is to stay put, and that's okay too.

Reach out if you'd like to explore whether refinancing could work for you.

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.

Tips for Homeowners

Understanding Mortgage Points

1.

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.

2.

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.

3.

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.

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.

Your Mortgage Advisor

M

My Mortgage Company

David Gentile

You are receiving this from David Gentile.  Unsubscribe