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Mortgage Market Update
My Mortgage Company
Nolan Solano — HomeWise Capital Advisors
Wednesday, August 19, 2026
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Does a refi pencil out for you? |
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Rates are always moving, but that doesn't always mean it's time to refinance. This week I'm sharing what actually matters when you're deciding.
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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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Refinance Strategy
When a rate drop is worth refinancing
Not every rate movement calls for a refinance. The question isn't just whether rates have fallen—it's whether the savings over time justify the cost of refinancing. I talk to homeowners who've been waiting on the sidelines, wondering if now is finally the right moment. The math depends on how long you plan to stay in your home, what your current rate looks like, and the overall financial picture. Some people break even in months; others might take years. That's why it pays to run actual numbers instead of guessing. I'm happy to walk through what a refinance could mean for your situation—no pressure, just clarity. Reach out if you'd like me to look at whether refinancing makes sense for your loan.
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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
Nolan Solano — HomeWise Capital Advisors
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