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Mortgage Market Update
My Mortgage Company
Lynnette Brown
Wednesday, September 2, 2026
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Does refinancing make sense for you right now? |
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I talk to a lot of homeowners who wonder if they should refinance. Here's how I help them decide.
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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 drop or your financial picture changes. The real question isn't whether you can refinance—it's whether the benefits will outweigh the costs and effort. Sometimes staying put is smarter than starting over. I help clients think through this by looking at how long they plan to stay in the home, what their new payment and terms would be, and whether closing costs pencil out over time. If you've been wondering whether now is your moment to refinance, or if you're just curious how the numbers would work, I'd be happy to walk through it with you without any pressure. These conversations often surprise people—sometimes they feel relieved to hold steady, and sometimes they discover real savings they didn't expect. Let me know if you'd like to explore your refinancing 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
Lynnette Brown
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