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Mortgage Market Update
Dante Zompetti
Zompetti Team
Thursday, August 20, 2026
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Should you refinance right now? |
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Refinancing questions come up a lot, and the answer is rarely one-size-fits-all. Here's what I want you to think about before you decide.
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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 or your situation changes. The real question is whether the benefit you'd gain—a lower payment, shorter loan term, or cash out for a specific goal—outweighs the cost and time to close a new loan. Sometimes staying put makes more financial sense, especially if you're already deep into your current mortgage. I help borrowers run the actual numbers so you can decide with confidence, not guesswork. If you've been wondering whether now is your moment to refinance, or if you're better off holding steady, let's talk it through together. Reach out and we can look at your situation with fresh eyes.
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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 Dante Zompetti team any time and we'll walk you through your options. |
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