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Mortgage Market Update
My Mortgage Company
Darius Bryant — Darius Bryant
Thursday, August 20, 2026
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Does refinancing make sense for you right now? |
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Some weeks the interest rate conversation is about buying. This week, let's talk about refinancing if you're already a homeowner.
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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 Strategy
When a rate drop is worth the cost
Not every rate decrease means you should refinance. I talk to homeowners who think any movement downward is an automatic green light, but the math doesn't always work out that way. Refinancing involves closing costs, and you need enough of a rate improvement over enough remaining time on your loan to break even on those costs. That break-even point is different for everyone depending on how long you plan to stay in your home. If you're thinking about a refinance, I can run the real numbers for your situation so you see exactly when you'd come out ahead—and whether it makes sense right now. Let me know if you'd like me to calculate your refinance payoff point.
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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
Darius Bryant — Darius Bryant
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