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Mortgage Market Update
My Mortgage Company
Kaden Harris — Kaden Harris CRM
Thursday, August 20, 2026
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Does refinancing make sense for you right now? |
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Rates move around, and so do your financial priorities. This week I want to address one of the most common questions I hear from homeowners: when is refinancing actually worth it?
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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 a refi makes sense (and when it doesn't)
Refinancing isn't always the right move, even when rates shift in your favor. The real question is whether the long-term benefit outweighs your costs to close—and how long you plan to stay in your home. Some borrowers break even in a year or two; others need five. If you're thinking about moving, selling, or aren't sure of your timeline, a refi might not pay off. But if you're anchored in your home and rates have genuinely improved since you bought, it's worth a conversation. I can walk you through the math specific to your situation and help you decide if it makes sense right now. Let's talk through whether refinancing could work for your circumstances.
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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
Kaden Harris — Kaden Harris CRM
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