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Mortgage Market Update
My Mortgage Company
Adrian Petersen
Wednesday, September 2, 2026
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Should you refinance? It depends. |
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Hi there. This week I want to cut through the noise about refinancing and help you figure out if it's actually worth it for you.
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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 (and when it doesn't)
Refinancing isn't always the right move, even when rates drop or your situation changes. The real question is whether the benefit you'll gain over time outweighs the cost to refinance. Sometimes a lower rate saves you money; sometimes staying put is smarter. The math depends on your loan balance, how long you plan to stay, and what you'd pay upfront. I help borrowers run through this calculation because it's different for everyone. If you've been wondering whether now is your moment to refinance, or if you're curious what your options actually look like, I'd be happy to walk through the numbers with you. Let's talk through whether refinancing could work for your situation.
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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
Adrian Petersen
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