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Mortgage Market Update
My Mortgage Company
Kaleb Melville — Kaleb Melville
Wednesday, August 19, 2026
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Should you refinance? Here's what matters most |
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I work with homeowners at all stages of their mortgage journey, and one question comes up more often than you'd think.
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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 refinancing actually makes sense
Refinancing isn't right for everyone, and it's not always about chasing a lower rate. I talk to homeowners all the time who wonder if now is the moment to refinance, and the answer depends on your specific situation—how long you plan to stay in your home, what you owe versus what it's worth, and what your goals really are. Some people refinance to shorten their loan term, others to tap equity for a major project, and some to simplify their finances. The key is understanding the real costs and benefits before you move forward. If you've been thinking about it, I'd love to walk through the numbers with you and show you what makes sense for your circumstances. Let's talk about whether refinancing fits your plan right now.
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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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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
Kaleb Melville — Kaleb Melville
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