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Mortgage Market Update
My Mortgage Company
Ashley Turner - For Deletion
Wednesday, September 2, 2026
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Should you refinance? Let's find out. |
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Hi there. One of the most common questions I hear is whether now is a good time to refinance. Let me help you figure out the real answer for your situation.
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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 Strategy
When refinancing makes sense (and when it doesn't)
A lot of homeowners wonder if they should refinance, especially when they hear about rate changes. The truth is, it depends on your situation. Refinancing can lower your monthly payment or shorten your loan term, but it also comes with closing costs and a new loan timeline. The key is running the numbers: How long do you plan to stay in your home? What would your new payment look like? Does the long-term benefit outweigh what you'll pay upfront? I'm happy to walk through a quick analysis with you—no obligation. Sometimes refinancing is the right move. Sometimes it isn't. Either way, you deserve to know which category you fall into. Let's talk through whether refinancing makes sense for your home and budget.
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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
Ashley Turner - For Deletion
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