Mortgage Market Update

My Mortgage Company

Keith Collins — Keith Collins

Wednesday, August 19, 2026

Does refinancing make sense right now?

Not every homeowner should refinance, and not every homeowner should wait. Here's what to think about before making a move.

National Mortgage Rates · August 13, 2026

30-Year Fixed

6.67%

FHA 30-Year

6.47%

VA 30-Year

6.33%

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.

Refinancing Basics

When refinancing makes sense (and when it doesn't)

Refinancing isn't right for everyone, and it's not right all the time. The decision comes down to a few straightforward questions: How long do you plan to stay in your home? What would your new payment look like? And how much would closing costs run?

If you're thinking about moving in a few years, refinancing might cost more than you'd save. But if you're planning to stay put and your financial picture has improved—better credit, more income, or a significant drop in rates—it could free up cash flow or help you pay off your loan faster. The math is personal, and it's worth running the numbers.

If you're curious whether a refinance makes sense for your situation, I'd be happy to walk through it with you.

Tip of the Week

Inspect your attic insulation. Proper insulation reduces heating and cooling costs and can prevent ice dams on your roof.

Tips for Homeowners

Fall Home Prep: Heating, Safety & Systems

1.	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.

2.	Test smoke detectors and carbon monoxide detectors and replace batteries. Carbon monoxide poisoning risk rises when heating systems run more frequently.

3.	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.

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.

Your Mortgage Advisor

My Mortgage Company

Keith Collins — Keith Collins

You are receiving this from Keith Collins — Keith Collins. Unsubscribe