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Mortgage Market Update
My Mortgage Company
Josh Nastal
Wednesday, September 2, 2026
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Should you refinance? Let's find out. |
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Hi there. This week I want to talk about refinancing—not whether you should do it, but how to figure out if you should.
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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 actually makes sense
A lot of homeowners wonder if refinancing is worth the effort and costs. The truth is, it depends on your situation—how long you plan to stay in your home, what your current rate looks like compared to today's market, and what your loan terms are. Sometimes refinancing cuts years off your loan or lowers your payment meaningfully. Other times, the closing costs and time involved don't pencil out. I help clients run the real numbers so you're not guessing. If you've been curious but unsure, it's worth a conversation. There's no obligation, and clarity costs nothing. Reach out if you'd like me to walk you through whether refinancing makes sense for your loan.
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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
Josh Nastal
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