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Mortgage Market Update
My Mortgage Company
Travis Lang — Travis Lang
Thursday, August 20, 2026
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Does refinancing make sense for you? |
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I get asked about refinancing at least once a week, and the answer is rarely a simple yes or no. Let me break down what actually matters when making this decision.
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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 actually makes sense
A lot of homeowners wonder whether refinancing is worth it. The truth is, it depends on your situation — how long you plan to stay in your home, what your current loan terms are, and where rates stand relative to your rate. I've worked with borrowers who saved significantly by refinancing, and others who realized it wasn't the right move. The key is doing the math honestly and understanding what you're trying to accomplish. Are you looking to lower your monthly payment, shorten your loan term, or tap into equity? Each goal points to a different strategy. I'm happy to walk through the numbers with you and help you figure out whether a refinance makes sense right now. Let's talk through your situation — reach out and we can explore what works for you.
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Tip of the Week
If your credit score is below 740, even small improvements before applying for a mortgage can save you thousands over the life of the loan.
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Tips for Homeowners
Weatherproofing Your Home Before Winter
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1.
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Clean your chimney if you have a fireplace. The National Fire Protection Association recommends annual inspection and cleaning to prevent chimney fires.
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2.
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Check attic insulation and ventilation before winter. Inadequate insulation leads to heat loss, higher energy bills, and ice dams on the roof that can cause significant damage.
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3.
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Inspect weatherstripping on all exterior doors. A simple dollar-bill test works: close the door on a bill — if you can pull it out easily, your weatherstripping needs replacing.
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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
Travis Lang — Travis Lang
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