| |
 |
Thursday, August 20, 2026 |
|
|
Mortgage Market Update
Should you be paying that rate today?
Hi there,
I wanted to touch base this week about something I hear a lot—wondering whether your current mortgage is still the right fit.
|
|
|
|
National Mortgage Rates · August 13, 2026
|
%22%2C%22fill%22%3Atrue%2C%22tension%22%3A0.4%2C%22pointRadius%22%3A4%2C%22pointBackgroundColor%22%3A%22%23a0ccee%22%2C%22borderWidth%22%3A2%7D%5D%7D%2C%22options%22%3A%7B%22plugins%22%3A%7B%22legend%22%3A%7B%22display%22%3Afalse%7D%7D%2C%22scales%22%3A%7B%22y%22%3A%7B%22ticks%22%3A%7B%22callback%22%3A%22function(v)%7Breturn%20v%2B%5C%22%25%5C%22%7D%22%2C%22color%22%3A%22%23666%22%7D%2C%22grid%22%3A%7B%22color%22%3A%22rgba(0%2C0%2C0%2C0.06)%22%7D%7D%2C%22x%22%3A%7B%22grid%22%3A%7B%22display%22%3Afalse%7D%2C%22ticks%22%3A%7B%22font%22%3A%7B%22size%22%3A11%7D%2C%22color%22%3A%22%23666%22%7D%7D%7D%7D%7D&w=520&h=180&bkg=white&f=12) |
|
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.
|
| | |
|
Refinancing Strategy
When your old rate stops working for you
If you locked in your mortgage a few years ago, you might be sitting on a rate that made sense at the time—but feels heavy now. Refinancing isn't just about chasing lower rates; it's about matching your loan to where you are today. Maybe you want to shorten your timeline, switch loan types, or tap your equity for something important. The math changes depending on how long you plan to stay in your home and what you're trying to accomplish. There's no one-size-fits-all answer, which is exactly why it pays to talk through your specific situation. I'm happy to walk you through whether a refinance makes sense for you right now.
|
|
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.
|
|
Tips for Homeowners
Weatherproofing Your Home Before Winter
|
|
1.
|
Clean your chimney if you have a fireplace. The National Fire Protection Association recommends annual inspection and cleaning to prevent chimney fires.
|
|
2.
|
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.
|
|
3.
|
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.
|
|
|
|
Have questions about how any of this affects your mortgage or home purchase? We're here to help — reach out to the Jake Kornberg team any time and we'll walk you through your options.
|
|
5060 Baker Rd Minnetonka, MN. 55345
612-396-0227
Edge Home Finance · Unsubscribe
|
|
