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Mortgage Market Update
My Mortgage Company
Gary Wright — Gary Wright
Thursday, August 20, 2026
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Should you refinance your mortgage? |
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Hi there. One of the most common questions I hear is whether someone should refinance. The answer depends on your unique circumstances—here's what to consider.
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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 a refi actually makes sense
Refinancing sounds simple: replace your old loan with a new one. But the real question is whether it pencils out for your situation. A refi makes sense when the long-term savings justify the upfront costs and time it takes to break even. That math changes based on how long you plan to stay in your home, what rates are doing, and how much equity you've built. It's not always the right move—sometimes staying put is smarter. That's why I always recommend running the numbers before you decide. If you've been wondering whether refinancing could help, I'm happy to walk through the specifics with your loan details in mind. Let's talk through whether refinancing makes sense for you right now.
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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
Gary Wright — Gary Wright
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