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Mortgage Market Update
My Mortgage Company
Green River Capital
Wednesday, September 2, 2026
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Does a refinance make sense right now? |
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Sometimes the best financial move isn't obvious on the surface. This week I want to talk through when refinancing actually pencils out for homeowners.
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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
When refinancing makes financial sense
Refinancing isn't just about chasing lower rates—though that's one good reason. It can also help you shorten your loan term, switch from an adjustable to a fixed rate, tap equity for a major expense, or consolidate debt. The key is understanding your own timeline and goals. If you're planning to stay in your home long enough to recoup closing costs, or if your situation has changed since you first borrowed, it might be worth a conversation. I'm happy to walk through whether a refi could work for you, no obligation. Let's talk through your options and see if refinancing fits your plan.
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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
Green River Capital
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