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Mortgage Market Update
My Mortgage Company
Sean Rigsby
Wednesday, September 2, 2026
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Does refinancing make sense for you? |
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Hi there,
I wanted to touch on a topic I hear about often: refinancing.
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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
A lot of homeowners wonder if refinancing is right for them. The truth is, it depends on your situation—where rates are, how long you plan to stay in your home, and what your current loan looks like. Some people refinance to lower their monthly payment. Others do it to shorten their loan term or tap into home equity for a major expense. The key is understanding what you're trying to accomplish and whether the math actually works in your favor. I'm happy to walk through the numbers with you and show you what refinancing could look like for your specific loan and goals. If you've been curious about your refinance options, 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
Sean Rigsby
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