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Mortgage Market Update
My Mortgage Company
Jerry Ziadat - Lendside
Wednesday, September 2, 2026
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When should you actually refinance? |
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Hi there. This week I want to talk about one of the most common questions I hear: when does refinancing make sense?
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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 actually makes sense
Refinancing isn't always the right move—even when rates drop or your situation changes. The real question is whether the benefit you'd gain (lower payment, shorter term, switching loan types) outweighs the time and costs involved. Some people refinance and break even in a few years; others wait because their current loan still serves them well. The answer depends on your goals, how long you plan to stay in your home, and what you'd actually save. That's why it pays to look at the real numbers before deciding. If you've been wondering whether a refinance could work for you, I'd like to walk through the specifics of your loan and see what options might apply. Let's talk through whether refinancing fits your situation right now.
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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
Jerry Ziadat - Lendside
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