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Mortgage Market Update
My Mortgage Company
Michael Vetri
Wednesday, September 2, 2026
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Does refinancing make sense right now? |
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Hi there. With rates moving week to week, I hear a lot of questions about whether it's time to refinance. Here's what I've learned matters most.
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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 Strategy
When a rate drop is worth refinancing
Not every rate movement calls for a refi—but when conditions align, refinancing can meaningfully reduce what you pay over time. The key is looking at your whole situation: how long you plan to stay in your home, what closing costs would be, and how much your payment would actually drop. Sometimes a modest rate improvement makes sense; sometimes it doesn't. I help borrowers run the real numbers so they know whether refinancing pencils out for their specific circumstances. If you've been wondering whether now is the right time, I'd be happy to walk through the math with you—no obligation. Let's talk about whether refinancing makes sense for your loan.
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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
Michael Vetri
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