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Mortgage Market Update
My Mortgage Company
Bryan Canar
Wednesday, September 2, 2026
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Does your loan deserve a second look? |
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Hi there. With so much mortgage talk happening, it's easy to wonder if you should refinance—but the honest answer is: sometimes yes, sometimes no.
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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 Strategy
When refinancing makes sense (and when it doesn't)
Refinancing isn't always the right move, even when rates shift. The real question is whether the long-term benefit outweighs the upfront cost and time involved. I've seen borrowers save thousands by refinancing into a shorter loan term, while others simply lock in a lower payment and stay put. It depends on your timeline, how long you plan to stay in the home, and what your current loan looks like. The math is personal—there's no one-size-fits-all answer. If you've been thinking about it but aren't sure whether it pencils out for your situation, I'd love to run the numbers with you. A quick conversation could give you real clarity. Let me know if you'd like to explore 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
Bryan Canar
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