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Mortgage Market Update
My Mortgage Company
Jessica Portillo — Jessica Portillo
Wednesday, August 19, 2026
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Does refinancing make sense right now? |
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Hi there. Not every financial move works for every person or moment in time.
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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 Strategy
When a refi makes sense (and when it doesn't)
Refinancing isn't always the right move, even when rates drop or your situation changes. The real question is whether the benefit outweighs your costs—and how long you plan to stay in your home. If you're thinking about refinancing to lower your payment, shorten your loan term, or tap into equity, it's worth running the numbers first. Sometimes a refi saves you thousands over time; sometimes it just doesn't pencil out. The best part? You don't have to guess. I can walk you through a simple comparison that shows exactly what refinancing would mean for your specific loan and timeline. Let's talk through whether refinancing fits your plan—reach out anytime.
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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
Jessica Portillo — Jessica Portillo
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