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Mortgage Market Update
My Mortgage Company
Tony Zerwas — Tony Zerwas
Thursday, August 20, 2026
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Should you refinance? Here's how to decide |
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Hi there—I wanted to touch on a question I hear a lot: is now a good time to refinance? The answer depends on your unique situation.
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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 drop. The real question is whether the long-term savings outweigh your costs to refinance—and how long you plan to stay in your home. If you're thinking about selling in a few years, a refi might not pay for itself. But if you're settled in, the math could work in your favor. The best way to know is to run the numbers with someone who understands your specific situation. I'm happy to walk through a quick scenario with you—no obligation, just clarity on whether it makes sense for your goals. Reach out anytime you'd like to talk through whether refinancing fits your plan.
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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
Tony Zerwas — Tony Zerwas
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