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Mortgage Market Update
Skyler McCurdy
Skyler McCurdy
Thursday, August 20, 2026
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Should you refinance? Here's how to tell. |
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Hi there. Rates shift, life happens, and sometimes your original loan stops being the best fit. Let's talk about what to consider before you make a move.
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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 look attractive. The real question is whether the long-term benefit outweighs what you'll pay upfront to make the switch. Some people refinance to lower their monthly payment or shorten their loan term. Others use it to tap equity for home improvements or debt consolidation. But if you're planning to sell or move in a few years, the closing costs might not pay for themselves. The best time to refinance is different for everyone—it depends on your goals, how long you plan to stay, and your current loan terms. I'm happy to walk you through the math on your specific situation and help you decide if it's worth exploring right now. Reach out if you'd like to talk through whether a refinance makes sense for you.
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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 Skyler McCurdy team any time and we'll walk you through your options. |
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