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Mortgage Market Update
My Mortgage Company
Corey Condrin — Corey Condrin
Wednesday, August 19, 2026
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Should you refinance right now? |
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Hi there. Rates are always moving, and I often get asked if now is the time to refinance. The answer depends on more than just rate movement.
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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 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 the cost and time commitment. Sometimes staying put makes more financial sense than starting over with a new loan. I always recommend looking at your timeline too — if you're planning to move or pay off your home soon, refinancing may not be worth it. The best way to know is to run the numbers based on your actual loan and goals, not just headlines about rates. Let's talk through whether refinancing deserves a closer look in your case. If you'd like me to review whether refinancing could work for you, 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
Corey Condrin — Corey Condrin
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