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Mortgage Market Update
Jasmine Wright
Mortgages the Wright Way
Wednesday, August 19, 2026
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Rate changes and what they mean for you |
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Hi there. This week I want to walk you through something that comes up in almost every conversation I have.
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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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Smart Money Habits
Why your payment changes when rates move
When interest rates rise or fall, your monthly mortgage payment doesn't automatically adjust—unless you have an adjustable-rate loan. But here's what does matter: if you're thinking about buying or refinancing soon, rate changes affect how much home you can afford right now. A higher rate means your dollars stretch less far. The flip side is also true. Understanding this relationship helps you make decisions with confidence, whether you're locking in today or watching the market. It's one of those fundamentals that pays off to understand clearly. If you'd like to talk through how current conditions affect your situation, I'm here to help.
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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 Jasmine Wright team any time and we'll walk you through your options. |
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