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Mortgage Market Update
My Mortgage Company
Gary Wright — Gary Wright
Wednesday, August 19, 2026
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Should you refinance your mortgage? |
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Hi there. One of the most common questions I hear is whether someone should refinance. The answer depends on your unique circumstances—here's what to consider.
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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 a refi actually makes sense
Refinancing sounds simple: replace your old loan with a new one. But the real question is whether it pencils out for your situation. A refi makes sense when the long-term savings justify the upfront costs and time it takes to break even. That math changes based on how long you plan to stay in your home, what rates are doing, and how much equity you've built. It's not always the right move—sometimes staying put is smarter. That's why I always recommend running the numbers before you decide. If you've been wondering whether refinancing could help, I'm happy to walk through the specifics with your loan details in mind. Let's talk through whether refinancing makes sense for you right now.
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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
Gary Wright — Gary Wright
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