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Mortgage Market Update
My Mortgage Company
The Doce Mortgage Group
Wednesday, September 2, 2026
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Should you refinance right now? |
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Hi there. I wanted to touch on a question I hear often, especially when the lending environment shifts. Let me break down what actually matters when you're deciding whether to refinance.
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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 does refinancing actually make sense?
A lot of homeowners ask me whether they should refinance, and the honest answer is: it depends on your situation. Refinancing isn't always the right move, even if rates shift in your favor. You'll want to think about how long you plan to stay in your home, what your current loan terms are, and whether the costs to refinance pencil out over time. Sometimes a refi makes perfect financial sense. Other times, staying put is the smarter choice. The key is running the real numbers instead of guessing. If you've been curious about whether refinancing could work for you, I'd love to walk through your specific scenario and show you what the math actually looks like. Reach out and we can explore whether refinancing is worth considering 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
The Doce Mortgage Group
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