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Mortgage Market Update
My Mortgage Company
Marcell Walker
Wednesday, September 2, 2026
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Should you refinance right now? |
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Sometimes the best financial move isn't about jumping on every opportunity—it's knowing which ones actually work in your favor.
This week I'm breaking down when refinancing can be a smart play.
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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 for your situation
Refinancing isn't a one-size-fits-all move—it depends on where you are with your current loan and what your goals are. Some borrowers refinance to lower their rate and monthly payment. Others use it to shorten their loan term, build equity faster, or tap into home equity for a major expense. The math works differently for each scenario, and timing matters. If you've been in your home for a while and rates have shifted, it might be worth a conversation. I can walk you through whether a refinance would actually benefit you, what the process looks like, and whether the costs make sense for your timeline. Let's talk through your situation—reach out if you'd like to explore whether refinancing fits your goals.
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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
Marcell Walker
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