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Mortgage Market Update
Ashli Huron
Ashli Huron
Thursday, August 20, 2026
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Does refinancing work for you right now? |
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Sometimes borrowers ask me if they should refinance, but the real answer depends on their individual situation. Here's what I think about when we explore that question together.
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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 one-size-fits-all, and it's not always the right move. The decision really comes down to why you'd refinance and what it would cost you upfront. Some people refinance to lower their monthly payment, others to shorten their loan term or switch from an adjustable rate to a fixed one. Before you commit to a new loan, it's worth sitting down to run the numbers—compare what you'd pay in closing costs against the monthly savings you'd actually realize. Sometimes the math works in your favor right away. Other times, you'd need to stay in your home for several years to break even. I'm happy to walk you through the specifics of your loan and help you figure out whether it makes sense. Let's talk through your options whenever you're ready.
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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 Ashli Huron team any time and we'll walk you through your options. |
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