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Mortgage Market Update
My Mortgage Company
Sean Price — Sean Price Lending Group
Wednesday, August 19, 2026
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Should you refinance? Here's how to tell. |
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A lot of homeowners wonder if refinancing makes sense—especially when market conditions shift. Let me break down what actually matters in that decision.
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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 refinancing actually make sense?
Refinancing isn't always the right move, even when rates drop. The real question is whether the long-term savings justify the closing costs and time investment. Some borrowers benefit immediately; others need to stay in their home long enough to break even on fees. Your situation depends on your current loan terms, how long you plan to own the home, and what rates look like now versus when you originally borrowed. I'm happy to walk through the numbers specific to your loan and help you decide if it's worth exploring further. Reach out if you'd like to talk through whether refinancing could work for your situation.
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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
Sean Price — Sean Price Lending Group
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