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Mortgage Market Update
Ryan Miller
Ryan Miller
Thursday, August 20, 2026
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Should you think about refinancing right now? |
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Hi there. Each week I share what's on my mind about mortgages, money, and homeownership. This week, a straightforward question many of you have asked.
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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 does it make sense to refinance?
Refinancing isn't always the right move, but there are a few situations where it's worth a serious look. If rates have dropped significantly since you closed, or if your financial situation has improved—better credit score, more income, or lower debt—you may qualify for better terms. Some homeowners refinance to shorten their loan term, others to tap equity for a major expense. The key is understanding what you're trying to accomplish and whether the cost of refinancing aligns with your goal. I'd be happy to walk through your specific situation and show you whether it pencils out for you. Reach out and we can review your options together.
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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 Ryan Miller team any time and we'll walk you through your options. |
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