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Mortgage Market Update
Beth Moore
Beth Moore
Wednesday, August 19, 2026
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Rate moves and what they mean for you |
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Hi there. This week I want to talk about something that affects almost every mortgage decision: how interest rates influence the true cost of borrowing.
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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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Rate Environment
What happens to your payment when rates shift
If you're a homeowner with a fixed-rate mortgage, your payment stays the same no matter what happens in the market — that's the security of locking in. But if you're shopping for a new home or considering a refinance, rate moves matter directly. When rates go up, the monthly cost of borrowing rises. When they soften, affordability improves. The key is understanding that rates don't move in a vacuum — they reflect broader economic conditions. Right now, it's worth asking yourself: where do I stand if rates move in either direction? If you're on the fence about buying or refinancing, a conversation about different rate scenarios can help you decide whether now makes sense for your situation. I'm happy to walk through what rate movement means for your specific goals — just reach out.
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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 Beth Moore team any time and we'll walk you through your options. |
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