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Mortgage Market Update
My Mortgage Company
Jesse Crawford
Wednesday, August 19, 2026
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Should you refinance? Here's how to tell. |
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Hi there. One of the questions I hear most often is whether it's the right time to refinance. Let me break down what actually matters when you're thinking about it.
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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 does it make sense to refinance your mortgage?
Refinancing isn't always the right move, but there are a few moments when it's worth a serious look. The most common reason is a drop in rates that could lower your monthly payment or shorten your loan term. But refinancing also makes sense if you've built equity and want to tap it for home improvements, or if you're carrying a high-interest loan you'd like to consolidate. The key is weighing the cost of refinancing against how long you plan to stay in the home. If you're refinancing to save fifty dollars a month but paying three thousand in closing costs, the math might not work unless you're staying put for years. I'm happy to walk through your specific situation and show you whether refinancing pencils out right now. Reach out if you'd like me to run the numbers on a refinance for you.
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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
Jesse Crawford
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