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Mortgage Market Update
My Mortgage Company
Darius Bryant — Darius Bryant
Wednesday, August 19, 2026
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Does refinancing make sense for you right now? |
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Some weeks the interest rate conversation is about buying. This week, let's talk about refinancing if you're already a homeowner.
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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 Strategy
When a rate drop is worth the cost
Not every rate decrease means you should refinance. I talk to homeowners who think any movement downward is an automatic green light, but the math doesn't always work out that way. Refinancing involves closing costs, and you need enough of a rate improvement over enough remaining time on your loan to break even on those costs. That break-even point is different for everyone depending on how long you plan to stay in your home. If you're thinking about a refinance, I can run the real numbers for your situation so you see exactly when you'd come out ahead—and whether it makes sense right now. Let me know if you'd like me to calculate your refinance payoff point.
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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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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
Darius Bryant — Darius Bryant
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