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Mortgage Market Update
Dunn Mortgage Team
Dunn Mortgage Team
Thursday, August 20, 2026
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What rate changes actually mean for you |
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When interest rates move, your mortgage payment follows. Here's why that matters and what you should know.
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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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Rate Environment
What happens to your payment when rates shift
I talk to homeowners every week who are surprised by how much their monthly payment could change if they refinance, or how it might have changed when they first bought. The truth is straightforward: when rates move, your payment moves with them. Lower rates mean lower payments on the same loan amount; higher rates mean higher payments. This matters whether you're thinking about refinancing today or just trying to understand what you'd owe in a different rate environment. The good news is you don't have to guess. If you'd like to see what your actual payment would look like under different rate scenarios, I can walk you through the numbers and help you decide if a move makes sense 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 Dunn Mortgage Team team any time and we'll walk you through your options. |
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3111 Camino Del Rio North San Diego, CA 92108
619.815.3366 | http://www.PatrickDunnTeam.com
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