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Mortgage Market Update
My Mortgage Company
Liah Jones
Wednesday, September 2, 2026
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Does refinancing make sense for you? |
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Hi there. This week I want to tackle one of the most common questions I hear from homeowners who are thinking about their next move.
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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 does a refi actually make sense?
A lot of homeowners ask me whether they should refinance, and the answer depends on your specific situation. It's not just about rates moving—it's about how long you plan to stay in your home, what your current loan terms are, and whether the monthly savings justify any costs involved. Sometimes refinancing makes perfect sense; other times, you're better off staying put and building equity as-is. The best move is to run the real numbers for your loan rather than guess. I'm here to walk through the math with you and show you exactly what refinancing would mean for your payment and timeline. Let's talk through whether refinancing fits your goals right now.
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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
Liah Jones
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