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Mortgage Market Update
My Mortgage Company
Q Mortgage
Wednesday, September 2, 2026
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Does refinancing work for your situation? |
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Sometimes the best financial move is knowing when *not* to make one. This week, I want to walk you through how to think about refinancing in a way that actually serves your long-term plans.
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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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Refinance Readiness
When does refinancing actually make sense?
Refinancing isn't always the right move, even when rates drop or your situation changes. The real question is whether the benefit outweighs the cost and time involved. If you've built equity, improved your credit, or rates have shifted meaningfully, it might be worth exploring. But if you're planning to move in a few years, the monthly savings may not justify the closing costs. I help borrowers run the real numbers—not just the marketing promise—so you can decide with confidence. If you're wondering whether now's the moment to make a move, let's talk through your specific situation. Reach out and we can walk through whether refinancing fits your timeline and goals.
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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
Q Mortgage
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