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Mortgage Market Update
My Mortgage Company
Garrison Groeschke
Wednesday, September 2, 2026
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Does refinancing make sense right now? |
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Hi there. Rates move, and when they do, refinancing questions come up. But here's what matters more than the rate itself.
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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
When does refinancing actually make sense?
Refinancing isn't always the right move, even when rates look attractive. The real question is whether your new loan will save you money over the time you plan to stay in your home—factoring in closing costs, your current loan balance, and how much longer you'll own the property. Sometimes a refinance makes perfect financial sense; sometimes you're better off staying put. The only way to know is to run the actual numbers with someone who understands your specific situation. If you've been curious whether a refinance could work for you, I'm happy to walk through the math without any pressure. Let's figure out if it's worth your while. Reach out and we can review 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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Your Mortgage Advisor
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My Mortgage Company
Garrison Groeschke
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