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Mortgage Market Update
My Mortgage Company
Travis Carter
Wednesday, September 2, 2026
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Should you refinance your mortgage? |
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Refinancing questions come up often, and the answer is rarely a simple yes or no. Let me break down what actually matters when you're deciding whether to make a move.
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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 for your situation
Refinancing isn't one-size-fits-all—it works best when your circumstances have genuinely changed. Maybe your credit score has improved since you bought, or your home's value has climbed. Maybe you're tired of an adjustable rate and want the security of a fixed payment. Or you've been in your loan long enough that the math on closing costs versus long-term savings actually pencils out. The key is running the real numbers for your specific loan and timeline, not just chasing headlines. If you've been wondering whether now is worth exploring, I can walk through what your numbers look like and whether a refinance would actually move the needle for you. Let's talk through whether refinancing makes sense in your case.
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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
Travis Carter
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