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Mortgage Market Update
My Mortgage Company
Ryan Harding — PLAY HARDING LLC
Thursday, August 20, 2026
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Should you refinance? Here's how to tell |
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Hi there,
Not every homeowner should refinance, even in a good market. Let's talk about how to know if it makes sense for you.
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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 Strategy
When refinancing makes sense (and when it doesn't)
Refinancing isn't always the right move, even when rates drop or your situation changes. The real question is whether the benefits outweigh the costs and time involved. Sometimes a lower rate doesn't pencil out if you're planning to sell soon, or if closing costs would take years to recoup. Other times—like when you can shorten your loan term, lock in stability, or tap equity for a major project—it's worth a serious look. The best refinances are the ones that match your actual timeline and goals, not just today's rate. If you've been wondering whether now might be your moment, I'd love to walk through the numbers with you and give you an honest answer. Get in touch if you'd like me to run a quick refinance analysis 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
Ryan Harding — PLAY HARDING LLC
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