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Mortgage Market Update
My Mortgage Company
Jennifer Bedford — Jennifer Bedford
Thursday, August 20, 2026
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Should you refinance your mortgage? |
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Hi there. I want to share some practical thinking about refinancing this week—and when it's actually worth considering.
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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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Refinance Timing
When a refi actually makes sense for you
Not every refinance is worth doing. I talk to homeowners all the time who are curious whether refinancing makes financial sense—and the answer depends on a few personal factors, not just whether rates have moved. How long you plan to stay in your home, what you'd pay in closing costs, and your current loan terms all play a role. Sometimes staying put is the smarter move. I'd rather help you think this through clearly than push you toward something that doesn't fit your situation. If you've been wondering whether it's worth exploring, I'm happy to walk through the numbers with you—no pressure, just honest guidance. Send me a message and we can talk through whether refinancing makes sense for your goals.
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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
Jennifer Bedford — Jennifer Bedford
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