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Mortgage Market Update
My Mortgage Company
Emily Burris
Wednesday, September 2, 2026
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Should you refinance? Let's look at your numbers. |
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Hi there. This week I'm breaking down when refinancing actually works in your favor—and when it's better to hold tight.
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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 long-term benefit outweighs the upfront cost and time involved. Sometimes staying put is smarter. I help clients think through the numbers—not just the monthly savings, but how long you plan to stay in the home, what closing costs will be, and whether you're changing loan terms in a way that actually serves your goals. If you've been wondering whether now is your moment to refinance, or if you've been holding off and want a fresh perspective, let's talk through your specific situation. There's no one-size-fits-all answer, which is exactly why it's worth a conversation. Give me a call or send me a note—I'm happy to walk through whether refinancing makes sense for you.
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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
Emily Burris
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