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Mortgage Market Update
My Mortgage Company
Hudson Property Solutions Powered By Highland Mortgage
Wednesday, September 2, 2026
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Does refinancing make sense for you? |
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Sometimes the smartest financial move is knowing when not to move. This week I want to share a framework for deciding whether refinancing is actually in your best interest.
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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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Refinance Strategy
When refinancing makes sense (and when it doesn't)
Refinancing isn't always the right move, even when rates look tempting. The real question is whether the savings over time outweigh the costs and effort of refinancing. Sometimes staying put in your current loan is smarter—especially if you're close to paying it off, or if you plan to move soon. Other times, refinancing can free up cash flow or shorten your payoff timeline in meaningful ways. It comes down to your personal situation: how long you'll stay in the home, what your current rate and balance are, and what your financial goals look like over the next few years. I'd be happy to walk through the math with you and help you figure out if refinancing is worth exploring right now. Reach out if you'd like to talk through whether refinancing makes sense 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
Hudson Property Solutions Powered By Highland Mortgage
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