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Mortgage Market Update
My Mortgage Company
TBD
Wednesday, September 2, 2026
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Does refinancing make sense for you right now? |
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Refinancing can be a smart financial move — but only when the math actually works in your favor. Let me share what I look at when I help borrowers decide.
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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 Basics
When refinancing actually makes sense
Refinancing isn't always the right move — it depends on your situation, not just the headlines. The main reasons people refinance are to lower their monthly payment, shorten their loan term, or tap into equity for a major expense. But refinancing comes with closing costs and a new loan timeline, so it only pays off if you're staying in your home long enough to recoup those expenses through savings. I help borrowers run the real numbers: what you'd save each month versus what you'd pay upfront. Sometimes waiting makes more sense than rushing. If you've been wondering whether it's worth exploring for your home, I'm happy to walk through your specific numbers — no obligation. Let's talk about whether refinancing could work 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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