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Mortgage Market Update
Anthony Yousif
Anthony Yousif
Thursday, August 20, 2026
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When rates aren't working in your favor |
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Hi there. This week I want to talk about something I hear from borrowers pretty often—the frustration of watching rates move the wrong direction.
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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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Smart Borrowing
What to do when rates don't cooperate
Sometimes rates move in a direction that works against your timeline or goals. If you're waiting for a better rate to refinance, or rates have climbed since you locked in your mortgage, I want you to know there are real strategies beyond just waiting it out. Depending on your situation, you might explore adjusting your loan term, tapping equity through a cash-out refinance, or even reconsidering when the right time to move is. The point is: rate environment shouldn't trap you. Let's talk about what's actually possible for your specific circumstances—there's usually more flexibility than it feels like there is. If rate changes have you rethinking your home plan, I'd like to walk through your options 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 Anthony Yousif team any time and we'll walk you through your options. |
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