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Mortgage Market Update
Megan Maruna
Barrett Financial Group
Thursday, August 20, 2026
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Should you refinance your mortgage? |
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Interest rates and life circumstances change. Sometimes a fresh look at your loan makes real sense.
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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
When refinancing makes sense for you
Refinancing isn't a one-size-fits-all move. Some borrowers use it to lower their monthly payment, others to shorten their loan term or switch from adjustable to fixed rates. The key is understanding your own situation—how long you plan to stay in your home, what closing costs will be, and whether the math actually works in your favor. If you've made improvements to your home or your credit has strengthened since you bought, your refinancing picture may have changed. I'm here to walk through the numbers with you and help you decide if it's worth exploring right now. Let's talk about whether refinancing could work 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 Megan Maruna team any time and we'll walk you through your options. |
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