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Wednesday, August 19, 2026 |
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Mortgage Market Update
Does refinancing pencil out for you?
Hi there. Sometimes the smartest financial move is doing nothing—and sometimes it's acting fast. Let me share when refinancing is worth your attention.
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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 refinancing actually makes sense
Refinancing isn't always the right move—even when rates look attractive. The real question is whether the monthly savings will add up faster than your closing costs. If you're staying in your home long enough, a refi can lower your payment, shorten your loan term, or switch from adjustable to fixed rates. But if you're planning to move in a few years, the math might not work in your favor. The best time to explore it is when your situation changes: rates drop meaningfully, your credit improves, or your home appreciates. I'm happy to run the numbers with you and show whether refinancing would actually save you money over your timeline.
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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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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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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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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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2701 East Insight Way, Suite 150, Chandler, AZ 85286
9568885582
Barrett Financial Group, L.L.C. · Unsubscribe
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