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Mortgage Market Update
Matthew Scalese
Matthew Scalese
Wednesday, September 2, 2026
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Should you refinance? Let's find out. |
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Hi there,
Sometimes the smartest financial move is doing nothing. Other times, it's taking action on your home loan. Here's how to tell the difference.
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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 (and when it doesn't)
Refinancing isn't always the right move, even when rates drop or your situation changes. The real question is whether the benefit you'd gain—a lower payment, shorter loan term, or removing PMI—outweighs the costs and time it takes to close a new loan. Sometimes staying put and making extra principal payments does more for your wealth. Other times, refinancing is exactly what you need. The best way to know? Run the numbers with someone who'll be honest about whether it pencils out for you. I'm here to walk through your specific situation, no pressure, and show you what your options actually look like. Let's talk if you're wondering whether a refi makes sense right now. Reach out anytime you'd like to explore whether refinancing could work for your home 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 Matthew Scalese team any time and we'll walk you through your options. |
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