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Mortgage Market Update
My Mortgage Company
Josh Deutsch — Josh Deutsch
Thursday, August 20, 2026
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Does refinancing make sense for you? |
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There's a lot of noise out there about refinancing. I want to cut through it and help you figure out if it's actually worth considering for your specific circumstances.
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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 actually makes sense
I get asked a lot whether someone should refinance, and the honest answer is: it depends on your situation. Refinancing isn't always the right move, even when rates shift. The key is looking at how long you plan to stay in your home, what your current loan terms are, and whether the benefits outweigh the costs of starting a new loan. Sometimes refinancing cuts years off your payoff timeline or lowers your payment meaningfully. Other times, you're better off staying put. I'm happy to run the numbers for you and walk through what makes sense given where you are right now. If you've been wondering whether refinancing could work for your situation, let's talk it through.
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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
Josh Deutsch — Josh Deutsch
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