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Mortgage Market Update
Ryan Nelson
Barrett Financial Group
Thursday, August 20, 2026
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Your rate depends on more than the market |
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Hi there. Rates are a conversation we have a lot—and for good reason. But today I want to talk about why comparing your rate to someone else's rarely tells you much.
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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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Rate Environment
Why your neighbor's rate isn't yours
When rates move, they move for everyone—but the rate you actually qualify for depends on your credit profile, down payment, loan amount, and the specific loan program you choose. Two people applying on the same day can walk away with different numbers. That's not unfair pricing; it's how lending works. The best move right now is to get pre-qualified so you know your actual rate, not what someone else got or what you saw online. Then you can make real decisions about buying, refinancing, or waiting. Ready to see your real number?
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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 Ryan Nelson team any time and we'll walk you through your options. |
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275 E Rivulon Blvd, Suite 200 Gilbert, AZ 85297
480-861-7841 | https://ryannelson.theradcrm.com/
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