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Mortgage Market Update
Douglas Wilkerson
Douglas Wilkerson
Thursday, August 20, 2026
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Should you refinance? Let's talk it through |
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I hear from homeowners regularly about whether they should refinance. This week I want to walk through what actually makes it a smart move—and what doesn't.
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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 for your situation
Refinancing isn't always the right move—it depends on your goals and where rates are relative to your current loan. Some borrowers refinance to lower their monthly payment, others to shorten their loan term or tap into home equity. The key is understanding what you're trying to accomplish and whether the costs involved make sense for your timeline. If you've been thinking about it but aren't sure whether now is the right moment, that's exactly what I'm here to help you figure out. Let's talk through your options—no pressure, just honest guidance on whether a refinance could work for you. Reach out if you'd like to explore whether refinancing might be a good fit 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 Douglas Wilkerson team any time and we'll walk you through your options. |
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