Dawn Dawson · September 2, 2026

Does refinancing work for you right now?

Mortgage Market Update

Dawn Dawson

Dawn Dawson

Wednesday, September 2, 2026

Does refinancing work for you right now?

Hi there. One of the questions I hear most is whether someone should refinance. Let me share what I look at when we talk through that decision.

National Mortgage Rates · August 27, 2026

30-Year Fixed

6.66%

FHA 30-Year

6.55%

VA 30-Year

6.38%

Rate trend

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.


Refinancing Basics

When refinancing actually makes sense

Refinancing isn't always the right move, even when rates drop or your situation changes. The real question is whether the benefits outweigh the cost and effort of starting a new loan. Sometimes staying put is smarter. I help borrowers think through what matters most—whether that's a lower monthly payment, a shorter payoff timeline, eliminating PMI, or tapping into equity for a specific goal. The math has to work for your situation, not just in theory.

If you've been wondering whether now is your moment to refinance, I'm here to walk through the numbers with you. No pressure, just honest guidance.

Reach out if you'd like to explore whether refinancing makes sense for you.

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.

Tips for Homeowners

Understanding Mortgage Points

1.

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.

2.

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.

3.

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.

Have questions about how any of this affects your mortgage or home purchase? We're here to help — reach out to the Dawn Dawson team any time and we'll walk you through your options.

Your Mortgage Advisor

D

Dawn Dawson

Dawn Dawson

dawn.dawson@onerealmortgage.com

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