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Mortgage Market Update
Marc Sears
Marc Sears
Thursday, August 20, 2026
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Does a refinance make sense for you? |
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Rates move, and so do your options. This week I want to help you think clearly about one of the biggest decisions homeowners face.
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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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Refinance Strategy
When refinancing makes sense (and when it doesn't)
Refinancing isn't always the right move, even when rates drop. The math depends on how long you plan to stay in your home, your current loan terms, and what closing costs would be. Sometimes a lower rate saves you real money over time. Other times, you'd break even in five years—and if you're thinking of selling sooner, refinancing costs more than it saves. I help clients run the actual numbers so the decision is clear, not guessed. If you've been wondering whether now is your moment to refinance, let's talk it through together. Reach out and we can walk through whether a refinance would work in your favor.
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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 Marc Sears team any time and we'll walk you through your options. |
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