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Mortgage Market Update
My Mortgage Company
Kim A. Bryant
Wednesday, September 2, 2026
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Does refinancing make sense for you right now? |
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Hi there—this week I want to talk about one of the questions I hear most often: should I refinance? It's a good question to ask, and the answer depends on your situation.
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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 refinancing makes sense (and when it doesn't)
Refinancing isn't always the right move, even when rates look attractive. The real question is whether the benefit you'd gain outweighs what you'd pay to make the change. I talk to homeowners all the time who are surprised by closing costs and how long it takes to break even. But for others, refinancing can meaningfully lower their monthly payment or help them pay off their home faster. The key is running the actual numbers for your situation—not just comparing rates side by side. If you've been wondering whether it's worth exploring, I'd be happy to walk through what a refinance would look like for you and whether it makes financial sense. Reach out and we can run a quick refinance comparison.
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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
Kim A. Bryant
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