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Mortgage Market Update
My Mortgage Company
Kiernan O'Brien
Wednesday, September 2, 2026
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Refinancing might be worth a look |
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A lot has changed since you closed your mortgage—your life, the market, maybe even your credit. This week I want to talk about refinancing and when it actually makes sense.
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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 refinancing makes sense for you
Refinancing isn't one-size-fits-all, but there are a few solid reasons to take a closer look at your current loan. If your credit has improved since you borrowed, or if market conditions have shifted, you might lower your rate or shorten your loan term. Some homeowners refinance to tap equity for a major expense or consolidate debt. The key is doing the math: closing costs matter, and you want to stay in the home long enough for the savings to justify the upfront expense. That's where I come in. I can walk through your specific situation—no pressure, no obligation—and tell you whether refinancing could actually put money back in your pocket. Give me a call if you'd like to explore whether refinancing is a smart move for your loans.
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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
Kiernan O'Brien
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