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Mortgage Market Update
My Mortgage Company
Rebel Rate Mortgage
Wednesday, September 2, 2026
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Refinancing might be worth a second look |
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Hi there. This week I'm covering a topic that comes up often: when and why refinancing makes 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 makes sense for your home
Refinancing isn't just about chasing lower rates—it can also help you shorten your loan term, switch from an adjustable to a fixed rate, or tap equity you've built for major expenses. The key is understanding your own situation: how long you plan to stay in the home, what your current loan terms are, and whether the numbers work in your favor. Some people refinance once; others never do. There's no one-size-fits-all answer, which is why it's worth a conversation with someone who knows your loan inside and out. If you've been wondering whether a refinance might benefit you, I'd love to walk through the possibilities. Let's talk about 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
Rebel Rate Mortgage
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