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Mortgage Market Update
My Mortgage Company
Donivan Norton
Wednesday, September 2, 2026
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Should you refinance? Let's find out |
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Hi there. With so much mortgage information out there, it's easy to wonder whether refinancing is something you should consider. Let's talk about how to know.
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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 for your situation
Refinancing isn't one-size-fits-all, and it's not always the right move. The key is understanding what you're trying to accomplish — whether that's lowering your monthly payment, shortening your loan term, tapping into home equity, or getting out of an adjustable rate. Each goal has different math behind it, and sometimes the costs of refinancing outweigh the benefits. That's why it pays to run the numbers with someone who knows your full picture. If you've been wondering whether now could be a good time to explore your options, I'd like to sit down and walk through what refinancing could and couldn't do for you. Give me a call or send a message, and we can talk through whether refinancing fits your goals.
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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
Donivan Norton
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