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Mortgage Market Update
My Mortgage Company
Andy Zamora
Wednesday, September 2, 2026
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Should you consider refinancing? |
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Hi there. One of the questions I hear most often is whether now's a good time to refinance. The answer depends on your goals and your timeline—let me explain.
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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 it makes sense to refinance your mortgage
Refinancing isn't just about chasing lower rates—sometimes it's about changing the terms of your loan to fit where you are now. Whether you want to shorten your payoff timeline, lock in stability, or tap into equity for a major expense, refinancing can be a smart move if the math works in your favor. The key is understanding what you're trying to accomplish and whether the costs involved make sense for your situation. I'd be happy to walk through the numbers with you and show you what refinancing might look like for your specific loan. Let's talk through whether refinancing could work for you.
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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
Andy Zamora
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