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Mortgage Market Update
My Mortgage Company
Mariasha Davidoff
Wednesday, September 2, 2026
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Does refinancing make sense right now? |
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Hi there. Sometimes the smartest financial move isn't the one that sounds the most exciting—it's the one that actually fits your life.
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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 a refi makes sense (and when it doesn't)
Refinancing isn't always the right move, even when rates look attractive. The real question is whether the monthly savings will outweigh the costs and time it takes to break even on closing costs. Some borrowers benefit within months; others need years to come out ahead. It also depends on your plans—if you're selling or moving in a few years, a refi might not pencil out. I can walk you through the math on your specific loan and timeline so you're making a decision based on your situation, not just what you hear on the news. Ready to see if it makes sense for you? Let's talk through whether refinancing could work in your favor.
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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
Mariasha Davidoff
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