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Mortgage Market Update
My Mortgage Company
William Cramer
Wednesday, September 2, 2026
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Should you refinance? Let's look at your numbers. |
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Hi there. Rates have been moving, and I know many of you are wondering if now's the time to refinance. Let me share what actually matters when you're considering a switch.
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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 refinancing makes sense (and when it doesn't)
Refinancing isn't always the right move, even when rates look attractive. The real question is whether the long-term benefit outweighs what you'll pay upfront to switch loans. Some people refinance to lower their rate, others to tap equity or shorten their timeline. But if you're only staying in your home a few more years, the savings might not justify the costs. I help borrowers run the actual numbers so they can make a confident decision instead of guessing. If you've wondered whether refinancing could work for you—or been unsure if it's even worth exploring—I'd be happy to walk through your situation and show you what the math really looks like. Reach out anytime if you'd like to talk through whether refinancing could make sense for your goals.
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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
William Cramer
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