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Mortgage Market Update
My Mortgage Company
Eddie Berengue — Edge Home Finance
Thursday, August 20, 2026
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Does refinancing make sense for you right now? |
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Some weeks the question isn't whether you can refinance—it's whether you should. Let me break down what actually matters.
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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
Refinancing isn't always the right move, even when rates look attractive. The real question is whether the savings over time outweigh the closing costs you'd pay upfront. Some borrowers benefit from shortening their loan term or switching from adjustable to fixed rates. Others find that their current loan is already working well for their situation. I help clients run the real numbers—not the marketing version—so you can make a decision based on your actual timeline and goals, not just a rate flyer. If you're curious whether refinancing could help your specific situation, I'm happy to walk through the numbers with 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
Eddie Berengue — Edge Home Finance
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