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Mortgage Market Update
My Mortgage Company
Angela Walters
Wednesday, September 2, 2026
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Does refinancing make sense right now? |
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Rates and home values shift, and so do your financial needs. This week I want to cover when refinancing is actually worth considering.
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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 for your situation
A lot of homeowners wonder whether refinancing is worth the time and effort. The answer depends on your goals—whether you're trying to lower your monthly payment, shorten your loan term, tap into equity, or switch loan types. Market conditions matter, sure, but so do how long you plan to stay in your home and what your current loan looks like. I've seen refinancing work beautifully for some clients and not make sense for others, even when rates move in their favor. That's why it's worth a conversation rather than a guess. I can walk you through the math on your specific situation and help you figure out if it's the right move. Let's talk through whether 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
Angela Walters
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