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Mortgage Market Update
My Mortgage Company
Marc Pitcher
Wednesday, September 2, 2026
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Should you refinance? Let's find out |
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Refinancing questions come up often, and for good reason—it can be a smart financial move. But only when it's right for your circumstances.
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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 Basics
When refinancing makes sense for your situation
Refinancing isn't one-size-fits-all, and it's not always the right move. The decision really comes down to your goals right now—whether you want to lower your monthly payment, shorten your loan term, tap into home equity, or move from an adjustable rate to a fixed one. The math changes based on how long you plan to stay in your home and what the current market looks like compared to your existing loan. Some borrowers see real savings; others find the timing or terms don't quite work. That's why it helps to run the numbers with someone who understands your specific situation, not just a generic calculator online. I'm happy to walk through whether refinancing could benefit you and what it might actually look like. Reach out if you'd like to explore whether refinancing fits your financial goals.
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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
Marc Pitcher
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