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Wednesday, August 19, 2026 |
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Mortgage Market Update
Should you be paying that rate today?
Hi there,
I wanted to touch base this week about something I hear a lot—wondering whether your current mortgage is still the right fit.
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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 Strategy
When your old rate stops working for you
If you locked in your mortgage a few years ago, you might be sitting on a rate that made sense at the time—but feels heavy now. Refinancing isn't just about chasing lower rates; it's about matching your loan to where you are today. Maybe you want to shorten your timeline, switch loan types, or tap your equity for something important. The math changes depending on how long you plan to stay in your home and what you're trying to accomplish. There's no one-size-fits-all answer, which is exactly why it pays to talk through your specific situation. I'm happy to walk you through whether a refinance makes sense for you right now.
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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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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 Kornberg team any time and we'll walk you through your options.
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5060 Baker Rd Minnetonka, MN. 55345
612-396-0227
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