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Mortgage Market Update
My Mortgage Company
Ed Zuleger — Civix Project
Thursday, August 20, 2026
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Does refinancing make sense right now? |
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Every homeowner's situation is different, and that goes for refinancing too. Let me break down when it might be worth a closer look.
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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 makes sense for your situation
Refinancing isn't one-size-fits-all, but it's worth understanding when it might work for you. Some borrowers refinance to lower their monthly payment, others to shorten their loan term or tap into home equity for major expenses. The key is looking at your whole picture—how long you plan to stay in your home, what your current loan terms are, and what your goals are right now. If you've been wondering whether refinancing could help, I'd be happy to walk through your specific circumstances with you, no pressure. There's no obligation to move forward; sometimes it just helps to know what's actually possible. Reach out if you'd like to explore what refinancing might look like 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
Ed Zuleger — Civix Project
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