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Mortgage Market Update
My Mortgage Company
Jessica Portillo — Jessica Portillo
Thursday, August 20, 2026
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Does refinancing make sense right now? |
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Hi there. Not every financial move works for every person or moment in time.
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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 Strategy
When a refi 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 benefit outweighs your costs—and how long you plan to stay in your home. If you're thinking about refinancing to lower your payment, shorten your loan term, or tap into equity, it's worth running the numbers first. Sometimes a refi saves you thousands over time; sometimes it just doesn't pencil out. The best part? You don't have to guess. I can walk you through a simple comparison that shows exactly what refinancing would mean for your specific loan and timeline. Let's talk through whether refinancing fits your plan—reach out anytime.
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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
Jessica Portillo — Jessica Portillo
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