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Mortgage Market Update
My Mortgage Company
Adan Saldana
Wednesday, September 2, 2026
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Should you refinance your mortgage? |
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Hi there. Each week I share guidance on mortgages, rates, and homeownership to help you make smarter money decisions.
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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 101
When refinancing makes financial sense
Refinancing isn't always the right move—but when it is, it can free up real money. The main reasons I see borrowers benefit from a refi: your credit has improved since you first bought, you want to shorten your loan term, or you're looking to tap into home equity for a major expense. Even small changes in rate or term can shift the math. The catch is that refinancing has costs, so it only pays off if you plan to stay in the home long enough to recoup them. I'm happy to run the numbers with you—no obligation. It takes just a few minutes to see whether a refinance could work in your favor. Let me know if you'd like a quick refinance analysis.
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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
Adan Saldana
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