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Mortgage Market Update
My Mortgage Company
Liz Rich — Elizabeth Rich
Wednesday, August 19, 2026
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Does refinancing make sense right now? |
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Hi there. Rates shift all the time, and I know you may wonder if it's time to refinance. Let me share what I look at when answering that question.
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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 refinancing makes sense (and when it doesn't)
Refinancing can be a smart move—but not every time rates dip. The key is comparing what you'd pay in closing costs against what you'd actually save over time. If you're planning to stay in your home long enough to recoup those costs through lower monthly payments, it may be worth exploring. But if you're thinking of selling in a few years, the math often doesn't work. I help borrowers run the real numbers so you can decide with confidence, not just because rates moved. If you've been wondering whether refinancing is right for your situation, let's talk through it together. Reach out if you'd like to discuss whether refinancing could work 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 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
Liz Rich — Elizabeth Rich
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