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Mortgage Market Update
My Mortgage Company
Tyson Wynia — Tyson Wynia
Wednesday, August 19, 2026
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Does it make sense to refinance right now? |
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Hi there—it's easy to think refinancing is always good when rates shift or life changes. But the real answer depends on your goals and timeline.
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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 does a refi actually make sense?
Refinancing isn't always the right move, even when rates drop or your situation changes. The math depends on how long you plan to stay in your home, what you'd pay in closing costs, and whether a lower payment actually frees up money you need now. Some borrowers benefit from a shorter loan term; others need monthly relief. The key is knowing what you're trying to accomplish—whether that's saving on interest over time, lowering your payment, or pulling out equity for a goal. I've seen people save thousands by refinancing at the right moment, and I've also seen unnecessary ones that didn't pay off. Let's talk through your specific situation and run the real numbers together. If you've been wondering whether a refinance makes sense for you, reach out and we can walk through it.
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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
Tyson Wynia — Tyson Wynia
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