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Mortgage Market Update
My Mortgage Company
Anthony Rahimi
Wednesday, September 2, 2026
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Does refinancing make sense right now? |
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Refinancing gets a lot of attention, but the decision isn't always straightforward. This week I want to share what actually matters when you're weighing the pros and cons.
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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 actually makes sense
Refinancing isn't right for everyone, and it's not always about chasing the lowest rate. The real question is whether the money you save on your monthly payment or total interest will outweigh the costs of refinancing itself. If you're planning to stay in your home long enough to break even, it might be worth a conversation. There's also flexibility beyond rate-and-term refinancing—some borrowers use a cash-out refi to tap home equity for major expenses or consolidate debt. The key is running the numbers on your specific situation, not just reacting to market noise. I'm here to walk through the math with you and help you decide if it's the right move. If you're curious whether refinancing pencils out for you, let's talk through it together.
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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
Anthony Rahimi
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