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Mortgage Market Update
My Mortgage Company
Lock It Mortgage
Wednesday, September 2, 2026
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Does refinancing make sense right now? |
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As market conditions shift, homeowners often wonder whether now is the right time to refinance. I'm here to help you figure that out.
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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 your situation
Refinancing isn't a one-size-fits-all move, but it's worth considering if your financial picture has changed. A lower rate environment, improved credit score, or shift in how long you plan to stay in your home can all make refinancing worthwhile. The key is understanding your break-even point—how long it takes for monthly savings to outweigh closing costs. Some borrowers see payoff in months; others benefit more from a rate lock that gives them peace of mind. I've helped plenty of homeowners work through this math, and it's almost always worth a conversation before rates shift again. Let's walk through your numbers and see if refinancing could work for you.
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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
Lock It Mortgage
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