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Mortgage Market Update
My Mortgage Company
Vision Home Mortgage
Wednesday, September 2, 2026
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Should you refinance? Let's do the math. |
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I work with homeowners every week who are weighing whether to refinance. Here's how to think about it.
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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?
A lot of homeowners ask me whether they should refinance, and the honest answer is: it depends on your situation. Refinancing can lower your monthly payment, shorten your loan term, or help you tap into equity for a major expense. But it also comes with closing costs and a new loan timeline to consider. The real question isn't whether rates have moved—it's whether the long-term benefit outweighs what you'll pay upfront. I can run the numbers and show you what refinancing would actually look like for your home and goals. Sometimes it's a smart move. Sometimes waiting makes more sense. Let's figure out which one fits you. Reach out if you'd like me to walk through a refinance scenario tailored to 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
Vision Home Mortgage
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