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Mortgage Market Update
My Mortgage Company
Jillian Hartman
Wednesday, September 2, 2026
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Should you refinance? Let's find out. |
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Hi there. Each week I share ideas and reminders to help you make smarter decisions about your home and your mortgage.
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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 Strategy
When does refinancing actually make sense?
I talk to homeowners all the time who wonder if they should refinance, and the answer really depends on your situation. If rates have moved favorably since you borrowed, or if your credit has improved, refinancing might lower your payment or shorten your loan timeline. But it also involves closing costs and a new application process, so it's worth doing the math first. The break-even point—where your monthly savings add up to more than you paid to refinance—matters more than chasing the absolute lowest rate. Let me help you figure out whether refinancing makes financial sense for you right now. Reach out and we can walk through the numbers together.
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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
Jillian Hartman
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