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Mortgage Market Update
My Mortgage Company
Sean G Lusk — Sean G Lusk
Thursday, August 20, 2026
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Does refinancing make sense right now? |
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Hi there. This week I want to talk about one of the questions I hear most often from homeowners: whether it's the right 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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Refinance Basics
When a rate drop is actually worth refinancing for
A lot of people ask me, "How much do rates need to fall before I should refinance?" The honest answer is: it depends on your situation. A lower rate sounds great, but refinancing comes with closing costs and time, so you want to make sure the math actually works in your favor. The longer you plan to stay in your home, the easier it is to recoup those costs. If you're thinking about moving in a couple of years, refinancing might not pencil out. But if you're settling in, we can run the real numbers and show you exactly when you'd break even—and how much you'd save after that point. I'm happy to walk through your specific scenario whenever you're ready. Reach out and we'll see if a refinance makes sense 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
Sean G Lusk — Sean G Lusk
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