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Mortgage Market Update
My Mortgage Company
AJM Mortgage, Inc.
Wednesday, September 2, 2026
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Should you refinance right now? |
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Sometimes the smartest financial move is knowing when not to move. Let's talk about refinancing and whether it fits your goals.
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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 refinancing actually make sense?
Refinancing isn't always the right move—even when rates drop. The real question is whether the monthly savings justify closing costs and resetting your loan term. If you're planning to stay in your home for several more years, refinancing could put real money back in your pocket each month. But if you're thinking about selling or moving soon, those upfront costs might not pay for themselves. The math is different for everyone, and it's worth running the numbers on your specific situation before you decide. I'm happy to walk through whether refinancing makes sense for you—just reach out.
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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
AJM Mortgage, Inc.
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