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Mortgage Market Update
My Mortgage Company
Sean Price — Sean Price Lending Group
Thursday, August 20, 2026
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Should you refinance? Here's how to tell. |
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A lot of homeowners wonder if refinancing makes sense—especially when market conditions shift. Let me break down what actually matters in that decision.
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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 refinancing actually make sense?
Refinancing isn't always the right move, even when rates drop. The real question is whether the long-term savings justify the closing costs and time investment. Some borrowers benefit immediately; others need to stay in their home long enough to break even on fees. Your situation depends on your current loan terms, how long you plan to own the home, and what rates look like now versus when you originally borrowed. I'm happy to walk through the numbers specific to your loan and help you decide if it's worth exploring further. Reach out if you'd like to talk through whether refinancing could work 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
Sean Price — Sean Price Lending Group
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