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Mortgage Market Update
Swift Mortgage
Swift Mortgage
Wednesday, August 19, 2026
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What happens if rates move during closing |
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When you're buying or refinancing, the mortgage process can take a few weeks from start to finish. Along the way, market conditions—and your rate—can shift.
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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
What to do if rates rise before you close
If you're in the mortgage process, rate locks exist for a reason—they protect you if rates climb between application and closing. But what happens if your lock expires before you cross the finish line, or if you're still shopping and worried about timing? The truth is, rate movement is normal and unpredictable. Rather than trying to time the market, focus on what you can control: getting your finances in order, locking in when you're ready to move forward, and understanding your loan terms before you sign. If you're concerned about rates shifting, let's talk through your options and timeline. Reach out if you'd like to walk through your closing timeline and lock strategy.
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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 Swift Mortgage team any time and we'll walk you through your options. |
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