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Mortgage Market Update
My Mortgage Company
Tim Finn
Wednesday, September 2, 2026
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Should you refinance? Let's find out. |
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Hi there. This week I want to talk about refinancing—not whether you should, but how to tell if you should.
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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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Refinance Readiness
When refinancing makes sense (and when it doesn't)
Refinancing isn't always the right move, even when rates shift. The real question is whether your new loan will save you money over the time you plan to stay in your home. Sometimes a lower rate still doesn't pencil out after closing costs. Other times, switching loan types—say, from adjustable to fixed—buys you peace of mind that's worth more than the math alone. I help borrowers run the numbers honestly, no pressure either way. If you've been wondering whether refinancing could work for you, let's talk through your specific situation. There's no obligation, just clarity. Reach out, and we can walk through whether a refi makes sense for 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
Tim Finn
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