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Mortgage Market Update
My Mortgage Company
Annie Waneck — Annie Waneck
Wednesday, August 19, 2026
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Should you refinance? Here's how to tell |
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Hi there. A lot of homeowners ask me about refinancing when rates shift, but they're not sure it's actually worth doing.
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National Mortgage Rates · August 13, 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 rate drop might be worth your time
Refinancing isn't always the right move—it depends on your situation, how long you plan to stay in your home, and what rates are doing. The general idea is simple: if rates fall enough to offset the costs of refinancing, you could lower your monthly payment or shorten your loan term. But there's no magic number that works for everyone. Some people break even in a few months; for others, it takes longer. The best way to know if refinancing makes sense for you is to run the numbers with real figures from your loan. I can pull together a quick comparison so you can see whether it's worth exploring right now. Let's talk about whether refinancing could work for your loan—just send me a message or give me a call.
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Tip of the Week
Inspect your attic insulation. Proper insulation reduces heating and cooling costs and can prevent ice dams on your roof.
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Tips for Homeowners
Fall Home Prep: Heating, Safety & Systems
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1.
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Have your heating system serviced before it's needed. A furnace failure in winter is an emergency — routine maintenance costs far less than emergency repairs.
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2.
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Test smoke detectors and carbon monoxide detectors and replace batteries. Carbon monoxide poisoning risk rises when heating systems run more frequently.
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3.
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Drain and shut off exterior faucets and sprinkler systems before the first freeze to prevent burst pipes — one of the most expensive and disruptive homeowner emergencies.
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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
Annie Waneck — Annie Waneck
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