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Mortgage Market Update
Kristopher McCury
Kristopher McCurry
Thursday, August 20, 2026
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What a small rate move means for you |
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Hi there. I wanted to share some clarity on how mortgage rates actually impact your buying power and monthly costs.
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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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Affordability & Rates
When rate changes actually shift your budget
You've probably heard that mortgage rates move regularly—but what does that mean for your wallet? When rates shift, even by a small amount, your monthly payment can change meaningfully. That's why I always encourage folks to think beyond today's snapshot. Whether you're shopping for a home, considering a refinance, or just curious about your options, understanding how rate movement affects affordability helps you make smarter timing decisions. The goal isn't to time the market perfectly—it's to know where you stand and what your real costs look like. If you've been wondering whether now is the right moment to act on a mortgage goal, let's talk through your situation together. Reach out whenever you'd like a straightforward conversation about what rates mean for your specific plans.
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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 Kristopher McCury team any time and we'll walk you through your options. |
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