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Mortgage Market Update
My Mortgage Company
Tyson Wynia — Tyson Wynia
Thursday, August 20, 2026
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Does it make sense to refinance right now? |
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Hi there—it's easy to think refinancing is always good when rates shift or life changes. But the real answer depends on your goals and timeline.
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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 a refi actually make sense?
Refinancing isn't always the right move, even when rates drop or your situation changes. The math depends on how long you plan to stay in your home, what you'd pay in closing costs, and whether a lower payment actually frees up money you need now. Some borrowers benefit from a shorter loan term; others need monthly relief. The key is knowing what you're trying to accomplish—whether that's saving on interest over time, lowering your payment, or pulling out equity for a goal. I've seen people save thousands by refinancing at the right moment, and I've also seen unnecessary ones that didn't pay off. Let's talk through your specific situation and run the real numbers together. If you've been wondering whether a refinance makes sense for you, reach out and we can walk through it.
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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
Tyson Wynia — Tyson Wynia
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