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Mortgage Market Update
My Mortgage Company
Trishana Kimble — Trishana Kimble
Wednesday, August 19, 2026
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When should you actually refinance? |
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Hi there—I wanted to touch on a question I hear often: is now the time to refinance? The answer depends on your specific circumstances, not just the rate environment.
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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?
Refinancing isn't always the right move, even when rates drop or your situation changes. The real question is whether the benefits outweigh the cost and effort of applying again. A lower rate sounds great, but you'll want to think about how long you plan to stay in your home, what you'd pay in closing costs, and whether you're extending the loan term in a way that costs you more interest overall. Sometimes refinancing is a smart financial move; sometimes staying put is the better call. I'm here to walk through the numbers with you so you can make a decision that actually fits your goals—not just chase the latest rate. Let's talk through whether refinancing makes sense for your situation.
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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
Trishana Kimble — Trishana Kimble
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