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Mortgage Market Update
My Mortgage Company
MortgageCon
Wednesday, September 2, 2026
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Should you refinance? Let's do the math |
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I help homeowners make confident money moves, and one question comes up often: is now the time to refinance? This week, let's cut through the noise.
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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 does a refi actually make sense?
A lot of homeowners ask me whether they should refinance, and the honest answer is: it depends on your situation. Refinancing isn't a one-size-fits-all move. The main things to weigh are how long you plan to stay in your home, what your current rate and terms are, and what the market is offering now. Sometimes a refi lowers your payment or shortens your loan timeline. Other times, the costs don't pencil out given how soon you might move. I can walk through the math with you—no pressure, just clarity. If you've been in your home a few years and haven't looked at your loan in a while, it's worth a conversation. Let's 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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My Mortgage Company
MortgageCon
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