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Mortgage Market Update
Valerie Goertz
Valerie Goertz
Wednesday, September 2, 2026
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Is refinancing right for your situation? |
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Hi there—I wanted to touch base with something I hear about often: refinancing decisions. Let me share when it's 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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Smart Refinancing
When does refinancing actually make sense?
Refinancing isn't always the right move—even when rates look attractive. The real question is whether your long-term savings justify the upfront costs and starting your loan clock over. If you're planning to stay in your home for several more years, the math often works. But if you're thinking about selling or relocating in the next few years, refinancing might cost you more than it saves. I always recommend running the numbers based on your specific situation—your current loan terms, how long you'll stay put, and what rates look like today versus what you're paying now. The goal is a decision that actually improves your financial picture, not just a lower rate on paper. If you're curious whether refinancing makes sense for you, I'm happy to walk through the details.
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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 Valerie Goertz team any time and we'll walk you through your options. |
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