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Mortgage Market Update
My Mortgage Company
Nicholas Akel — Nicholas Akel
Wednesday, August 19, 2026
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Does it make sense to refinance right now? |
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There's a lot of noise out there about refinancing, but the decision is simpler than it sounds. Here's what actually matters.
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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 shift. The real question is whether the long-term benefit outweighs the cost of closing a new loan. Some borrowers benefit right away; others need to stay put longer to break even. The math depends on your current rate, the new rate available, how long you plan to keep the home, and your closing costs. I run these numbers all the time, and the answers are usually clearer than borrowers expect. If you've been wondering whether now is your moment, let's sit down and walk through your specific situation. There's no obligation — just honest math. Reach out if you'd like to explore whether refinancing could work 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
Nicholas Akel — Nicholas Akel
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