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Mortgage Market Update
My Mortgage Company
Trevor Rockett
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 want to talk about one of the most common questions I hear: whether refinancing makes sense right now.
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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 sounds simple—replace your old loan with a new one—but the real question is whether it makes financial sense for you right now. The math depends on how long you plan to stay in your home, what your current rate is, and where rates have moved. Sometimes refinancing saves you real money over time. Other times, the costs outweigh the benefit, especially if you're only a few years into your loan. I help clients run the numbers because every situation is different. There's no one-size-fits-all answer, and that's exactly why it's worth talking through before you decide. If you've been wondering whether now is the right time, I'm happy to walk you through your options. Reach out if you'd like to explore 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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Your Mortgage Advisor
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My Mortgage Company
Trevor Rockett
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