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Mortgage Market Update
My Mortgage Company
Carli Anderson — Carli Anderson CRM
Thursday, August 20, 2026
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Should you refinance? Let's do the math |
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I spend a lot of time answering one question: does it make sense to refinance? The honest answer is—it depends. Let me break down what actually matters.
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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?
I talk to homeowners all the time who wonder if they should refinance. The answer isn't always yes—it depends on your situation. Refinancing makes the most sense when rates have moved meaningfully lower than what you're paying now, or when your financial picture has changed (better credit, higher income, or you've built equity). But there are real costs involved: closing costs, appraisal fees, and the time to process a new loan. Sometimes those costs take months or years to recoup through savings. That's why I always run the numbers with clients first—no guesswork, just honest math about whether it pencils out for you. If you've been curious whether refinancing could work in your favor, I'd be happy to walk through it together. Reach out if you'd like to explore whether refinancing fits your goals 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
Carli Anderson — Carli Anderson CRM
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