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Mortgage Market Update
Steven Cooper
Steven Cooper
Friday, September 11, 2026
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Should you refinance? Here's how to decide |
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Hi there. This week I want to talk about one of the most common questions I get: when is refinancing actually worth it?
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National Mortgage Rates · September 10, 2026
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Conventional 30-Year
6.76%
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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 (and when it doesn't)
Refinancing isn't always the right move, even when rates drop or your situation changes. The math has to work: you need to stay in your home long enough to recoup closing costs through your monthly savings. A lower rate sounds great, but it only matters if you're not paying more upfront than you'll save over time. Other reasons to refinance include shortening your loan term, switching from adjustable to fixed rates, or tapping equity for a genuine need—not just because you can. The best time to explore it is when you're thinking clearly about your goals, not when you're rushed or uncertain. If you're wondering whether refinancing could work for your situation, I'd be glad to walk through the numbers with you.
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Tip of the Week
Gift funds from family can be used toward a down payment on most loan types — your lender will need a simple gift letter.
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Tips for Homeowners
VA Loans: Benefits Every Veteran Should Know
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1.
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VA loans require no down payment and no private mortgage insurance (PMI), making them one of the most powerful home-buying tools available to eligible veterans, active-duty service members, and surviving spouses.
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2.
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VA loans do require a funding fee (typically 1.25%–3.3% of the loan amount), which can be rolled into the loan. Veterans with a service-connected disability rating may be exempt from this fee.
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3.
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There's no VA loan limit for eligible borrowers with full entitlement — you can finance as much as a lender will approve. If you've had a prior VA loan, partial entitlement rules may apply.
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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 Steven Cooper team any time and we'll walk you through your options. |
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1166 E Warner Rd, Suite 101P Gilbert, AZ 85296
480-720-4857 | https://artemismtg.com/
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