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Mortgage Market Update
My Mortgage Company
Case Tripp
Wednesday, September 2, 2026
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Does refinancing make sense right now? |
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Not every opportunity to refinance is worth taking. This week, I'm breaking down how to figure out 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 Basics
When refinancing makes sense—and when it doesn't
Refinancing isn't always the right move, even when rates look attractive. The real question is whether the monthly savings will outweigh closing costs and the time you plan to stay in your home. If you're considering a refinance, I walk borrowers through a simple timeline: How long until your new loan pays for itself? Sometimes the answer is "not worth it." Other times, refinancing unlocks real savings or lets you tap equity for a major project. The best way to know is to run the actual numbers on your specific loan. I'm here to help you sort through what makes sense for your situation. Let's talk through the math together and see if refinancing deserves a second look. Reach out if you'd like to explore whether refinancing could work for you.
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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
Case Tripp
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