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Mortgage Market Update
My Mortgage Company
Imagination Age Mortgage
Wednesday, September 2, 2026
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Does refinancing make sense right now? |
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Hi there,
Not every borrower benefits from refinancing, and that's okay. Let me share what I'm seeing.
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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 a one-size-fits-all move—it depends on your timeline, how much you owe, and what rates look like compared to your current loan. The math works differently for someone planning to stay five more years versus someone who might move in two. Some borrowers benefit from a lower rate; others find that closing costs eat into any monthly savings. The key is running the real numbers for your specific situation, not just comparing rates in a vacuum. If you've been thinking about refinancing but aren't sure whether it's worth it, I'd love to walk through your options and show you what the actual payoff would look like. Let me know if you'd like to explore whether refinancing could work 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
Imagination Age Mortgage
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