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Mortgage Market Update
Jesse Yarpezeshkan
Jesse Yarpezeshkan
Wednesday, September 2, 2026
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Should you refinance? Here's how to tell |
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Not every rate move or life change calls for a refinance. This week, I'm sharing the framework I use to help clients figure out if it's worth doing.
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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 drop or your situation changes. The real question is whether the savings justify the cost and time involved. Sometimes staying put is smarter than chasing a lower rate. We look at factors like how long you plan to stay in your home, your current loan balance, and what you'd pay in closing costs. If you've built equity or your financial picture has shifted, refinancing might unlock real value—but it deserves a honest conversation first. I'm here to run the real numbers and help you decide what actually works for your goals. Let's talk through whether refinancing pencils out for your situation.
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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 Jesse Yarpezeshkan team any time and we'll walk you through your options. |
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