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Mortgage Market Update
Jake Taylor
Jake Taylor
Wednesday, August 19, 2026
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When rates move, here's what to consider |
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Markets move fast, and it's easy to feel like you need to act fast too. But the smartest money moves usually come from pausing to think things through.
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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
What to do when rates drop
If you've been watching rates move, you know how much they can shift your monthly payment and overall loan cost. When rates do drop, it's worth taking a step back and asking yourself what that means for your situation. For some of you, it might make sense to refinance to a lower rate. For others, staying put could still be the right call—especially if you're early in your loan term or your closing costs would take years to recoup. The key is not to react on emotion. Instead, take time to run the numbers based on your timeline and financial goals. That's where I come in. I can help you model out what a refinance would actually save you, and whether it pencils out for your circumstances. Let's talk through whether a rate drop changes anything for you.
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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 Jake Taylor team any time and we'll walk you through your options. |
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