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Mortgage Market Update
Albert Miller
Albert Miller
Thursday, August 20, 2026
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Should you refinance your mortgage? |
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Hi there. This week I want to cover a question I hear often: is now the right time to refinance?
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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 right for everyone, and that's okay. The real question is whether a new loan would meaningfully improve your situation. Sometimes lower rates justify the process; sometimes your current mortgage is already solid and switching costs more than you'd save. The math depends on how long you plan to stay in your home, your current rate versus what's available, and the fees involved. I've seen homeowners save thousands by refinancing—and I've also talked them out of it when the numbers didn't work. That's the conversation worth having. If you've been wondering whether a refinance could benefit you, I'm happy to walk through your specific numbers without any pressure or surprises. Let's talk through whether refinancing makes sense for your situation.
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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 Albert Miller team any time and we'll walk you through your options. |
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