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Mortgage Market Update
My Mortgage Company
Trishana Kimble — Trishana Kimble
Thursday, August 20, 2026
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When should you actually refinance? |
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Hi there—I wanted to touch on a question I hear often: is now the time to refinance? The answer depends on your specific circumstances, not just the rate environment.
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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 does refinancing actually make sense?
Refinancing isn't always the right move, even when rates drop or your situation changes. The real question is whether the benefits outweigh the cost and effort of applying again. A lower rate sounds great, but you'll want to think about how long you plan to stay in your home, what you'd pay in closing costs, and whether you're extending the loan term in a way that costs you more interest overall. Sometimes refinancing is a smart financial move; sometimes staying put is the better call. I'm here to walk through the numbers with you so you can make a decision that actually fits your goals—not just chase the latest rate. Let's talk through whether refinancing makes sense for your situation.
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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
Trishana Kimble — Trishana Kimble
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