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Mortgage Market Update
My Mortgage Company
Atiyah
Thursday, August 20, 2026
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Should you refinance your mortgage? |
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Hi there. This week I want to cover one of the most common questions I hear from borrowers like you.
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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 refinancing actually makes sense
A lot of homeowners ask me if they should refinance, and my answer is always the same: it depends on your situation. Refinancing isn't automatically a good move just because rates shift. What matters is whether the long-term benefit outweighs the costs of closing a new loan. Some people are in a position where it makes real financial sense; others aren't quite there yet. The best way to know is to run the numbers on your specific scenario — your current loan balance, how long you plan to stay, and what your goals actually are. I'm happy to walk through that conversation with you and give you an honest assessment. If you've been wondering whether refinancing is right for you, let's talk through it.
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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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