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Mortgage Market Update
My Mortgage Company
Ashley McKown — Ashley McKown
Thursday, August 20, 2026
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Should you refinance? Here's what to consider |
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Hi there. This week I want to talk about one of the most common questions I hear: whether now is a good time to refinance.
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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 it makes sense to refinance your mortgage
Refinancing isn't a one-size-fits-all move, but it's worth considering if your situation has changed since you got your loan. Maybe rates have shifted, your credit has improved, or you've paid down enough principal that your loan-to-value ratio is better. The main thing is to look honestly at how long you plan to stay in your home and whether the savings justify closing costs. I find that homeowners often wonder about refinancing but never run the numbers. That's what I'm here for—to walk you through whether it makes sense for you right now. Let's talk about your goals and see if a refinance could work in your favor. Reach out if you'd like to explore whether refinancing could lower your payment or shorten your loan term.
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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
Ashley McKown — Ashley McKown
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