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Mortgage Market Update
My Mortgage Company
Angela Maw — RISE Lending
Thursday, August 20, 2026
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Should you refinance right now? |
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Life changes, and so do mortgages. This week I want to help you think through one of the most common questions I get.
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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 does refinancing actually make sense?
Refinancing isn't always the right move, even when rates shift. The real question is whether the savings you'll get over time justify the costs and effort involved. Some people refinance to lower their rate or switch loan terms; others tap equity for a specific goal. What matters is doing the math for your own situation, not just chasing the headline rate. Interest rates, how long you plan to stay in your home, and your current loan balance all play a role. If you've been wondering whether it's worth exploring, I'm happy to walk through the numbers with you and help you decide what makes sense. Let's talk through whether refinancing could work for your situation.
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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
Angela Maw — RISE Lending
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