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Mortgage Market Update
Harris Nightingale
Harris Nightingale
Wednesday, August 19, 2026
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What rate changes mean for you |
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This week I wanted to walk you through something that comes up a lot in my conversations with clients—and tends to cause more confusion than it should.
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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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Smart Money
What happens to your payment when rates move
A lot of people ask me what they should do when they hear rates have shifted. Here's the thing: if you're already locked into a mortgage, your payment stays exactly the same—rate changes don't touch it. But if you're thinking about refinancing or buying soon, rate movement absolutely matters. Even a small shift changes what you can afford monthly and what loan size makes sense for your situation. That's why it's worth understanding how rates work and what your options really are right now. If you'd like to talk through how current conditions might affect your goals, I'm here.
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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 Harris Nightingale team any time and we'll walk you through your options. |
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