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Mortgage Market Update
My Mortgage Company
Amy Blauser
Wednesday, September 2, 2026
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Does refinancing make sense right now? |
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Hi there — this week I want to dig into one of the most common questions I hear from homeowners like you. Let's look at when refinancing actually pencils out.
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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 refinancing actually make sense?
I get asked this often, and the answer isn't one-size-fits-all. Refinancing can lower your monthly payment, shorten your loan term, or help you tap into home equity — but it also comes with closing costs and a new loan timeline. The key is understanding your own situation: how long you plan to stay in your home, what your current rate and loan terms are, and what you're trying to accomplish. Some borrowers benefit right away; others need to stay put for a few years for the math to work in their favor. That's why it's worth having a real conversation instead of just guessing. If you've been thinking about it, I'd love to walk through the numbers with you and see if it's the right move. Reach out and let's talk through 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
Amy Blauser
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