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Mortgage Market Update
My Mortgage Company
Kelly Rankin — Kelly Rankin
Wednesday, August 19, 2026
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Does refinancing make sense for you right now? |
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There's a lot of noise around refinancing, but the decision is simpler than it sounds. Let me break it down for you.
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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 refinancing actually make sense?
A lot of people think about refinancing when rates drop, but timing isn't the whole story. The real question is whether the long-term benefit outweighs what you'll pay upfront. Refinancing can lower your monthly payment, shorten your loan term, or switch from an adjustable rate to a fixed one — but each scenario has different math behind it. The best move depends on how long you plan to stay in your home, your current loan terms, and where rates stand relative to your existing rate. I'd be happy to walk through whether it makes sense for your situation right now. If you've been curious about refinancing, let's talk through the numbers together.
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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
Kelly Rankin — Kelly Rankin
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