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Mortgage Market Update
My Mortgage Company
Christina Campbell
Wednesday, September 2, 2026
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Should you refinance? Here's how to tell |
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Hi there,
I wanted to share some straightforward guidance on refinancing—when it actually makes sense, and when it might not be the right move for you.
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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 one-size-fits-all, but it's worth understanding when it could work in your favor. The most common reasons people refinance are to lower their monthly payment, shorten their loan term, or switch from an adjustable rate to a fixed one for peace of mind. The key is weighing the costs of refinancing against how long you plan to stay in your home. If you're only a year or two away from moving, the savings might not justify the process. But if you're settling in for the long haul, refinancing could free up real money each month or help you build equity faster. Every situation is different, and that's exactly why it's worth a conversation. I'm happy to walk through your numbers and help you figure out if refinancing makes sense right now. Give me a call or send a message, and let's talk through your options.
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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
Christina Campbell
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