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Mortgage Market Update
My Mortgage Company
Paige Bowman
Wednesday, September 2, 2026
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Should you refinance right now? |
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Not every homeowner should refinance, even in a favorable market. Let me help you decide if it's the right move for you.
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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 a refi makes sense (and when it doesn't)
Refinancing isn't always the right move, even when rates look attractive. I talk to homeowners who refinance on impulse and end up paying more overall—because closing costs, a new loan term, or a rate that doesn't move enough can work against you. The real math depends on how long you plan to stay in your home, what you owe now, and what you'd pay to refinance. Sometimes staying put is the smarter choice. I'm happy to run the numbers with you—no pressure, just clarity. If refinancing could actually put you ahead, you'll see it. If it doesn't make sense yet, I'll tell you that too. Reach out and we can walk through whether a refi pencils out for your situation.
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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
Paige Bowman
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