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Mortgage Market Update
My Mortgage Company
Joseph Cowart — Joseph Cowart
Wednesday, August 19, 2026
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Does refinancing make sense right now? |
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Hi there. This week I want to talk about one of the questions I hear most often—and one that deserves a careful, honest answer.
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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 refi makes sense (and when it doesn't)
Refinancing isn't always the right move, even when rates drop or your home gains value. The math has to work: you need to stay in the home long enough to recoup closing costs through lower payments, and your credit and income have to support approval. Sometimes a cash-out refi makes sense if you're paying high-interest debt or funding a major home improvement. Other times, you're better off leaving things alone. I've seen borrowers pull the trigger too fast and regret it. Before you decide, let's run the numbers together—I can show you exactly what the payoff timeline looks like and whether refinancing actually saves you money in your situation. If you're wondering whether refinancing is worth exploring, I'd be happy to walk through the specifics with you.
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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
Joseph Cowart — Joseph Cowart
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