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Mortgage Market Update
Swift Mortgage
OLIVER AMES
Wednesday, September 2, 2026
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Should you refinance? A few questions to ask. |
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A Note From Swift Mortgage
Personal Note from Oliver -
Did you know that rates with me are lower than the average rates you see on these different sites? Let's connect to run some real numbers!
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Hi there. This week I want to tackle a topic that comes up in conversation more often than you might think—and it's worth getting right.
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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?
I get asked this often, and the answer depends on your situation. Refinancing isn't just about chasing lower rates—it's about whether the savings justify the cost and timeline. Some people refinance to shorten their loan term, others to tap equity for a major expense, and some to switch from adjustable to fixed rates for peace of mind. The key is understanding your own goals first, then running the numbers. If you're curious whether it pencils out for you, I'm happy to walk through the details without pressure. What matters is making a move that serves your family's finances. Let's talk about whether 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 Swift Mortgage team any time and we'll walk you through your options. |
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1528 E Williams Field Rd. BLDG C Suite 201 Gilbert AZ 85295
NMLS# 1605202 · Company NMLS# 1925754
480-662-8439 | www.oliverames.com
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