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Mortgage Market Update
Jasmyne Inkrote
Edge Home Finance, LLC
Wednesday, August 19, 2026
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Lock or float? Here's what matters |
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Hi there. This week I want to walk you through one of the most important choices in the mortgage process—and one that catches borrowers off guard.
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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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Smart Money
Why locking in matters more than you think
When you're shopping for a mortgage or refinance, one decision shapes your entire loan: whether to lock your rate now or float and wait. Locking protects you if rates move up before closing—you keep the rate you were quoted. Floating means you can benefit if rates drop, but you risk paying more if they climb. There's no crystal ball here. The right choice depends on your timeline, risk tolerance, and how soon you need to close. If you're moving in 30 days or nervous about rate swings, locking gives you peace of mind. If you have flexibility and want to gamble on a dip, floating might make sense. Either way, it's a conversation worth having before you're stuck with regret.
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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 Jasmyne Inkrote team any time and we'll walk you through your options. |
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