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Mortgage Market Update
My Mortgage Company
Kaden Harris — Kaden Harris CRM
Wednesday, August 19, 2026
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Does refinancing make sense for you right now? |
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Rates move around, and so do your financial priorities. This week I want to address one of the most common questions I hear from homeowners: when is refinancing actually worth 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 a refi makes sense (and when it doesn't)
Refinancing isn't always the right move, even when rates shift in your favor. The real question is whether the long-term benefit outweighs your costs to close—and how long you plan to stay in your home. Some borrowers break even in a year or two; others need five. If you're thinking about moving, selling, or aren't sure of your timeline, a refi might not pay off. But if you're anchored in your home and rates have genuinely improved since you bought, it's worth a conversation. I can walk you through the math specific to your situation and help you decide if it makes sense right now. Let's talk through whether refinancing could work for your circumstances.
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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
Kaden Harris — Kaden Harris CRM
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