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Mortgage Market Update
My Mortgage Company
Quyen Nguyen — Quyen T Nguyen
Thursday, August 20, 2026
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Should you actually refinance? |
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Rates move all the time, and so does homeowners' curiosity about refinancing. Here's how to know if it's worth a closer look.
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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 rate drop actually makes sense
Not every time rates fall is the right moment to refinance. I often talk with homeowners who assume lower rates always mean a lower payment, but the math involves your loan term, how long you plan to stay in the home, and closing costs that come with any new loan. Sometimes refinancing makes perfect financial sense. Other times, you're better off staying put. The best move depends on your specific situation—not just what rates are doing. If you've been thinking about refinancing, I'm happy to walk through whether it pencils out for you. Let's talk through your numbers if you'd like a straight answer on whether refinancing fits your goals right now.
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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
Quyen Nguyen — Quyen T Nguyen
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