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Mortgage Market Update
My Mortgage Company
Nicholas Akel — Nicholas Akel
Thursday, August 20, 2026
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Does it make sense to refinance right now? |
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There's a lot of noise out there about refinancing, but the decision is simpler than it sounds. Here's 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 refinancing makes sense (and when it doesn't)
Refinancing isn't always the right move, even when rates shift. The real question is whether the long-term benefit outweighs the cost of closing a new loan. Some borrowers benefit right away; others need to stay put longer to break even. The math depends on your current rate, the new rate available, how long you plan to keep the home, and your closing costs. I run these numbers all the time, and the answers are usually clearer than borrowers expect. If you've been wondering whether now is your moment, let's sit down and walk through your specific situation. There's no obligation — just honest math. Reach out if you'd like to explore whether refinancing could work for you.
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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
Nicholas Akel — Nicholas Akel
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