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Mortgage Market Update
Allie Stevens
Allie Stevens
Thursday, August 20, 2026
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Does it make sense for you to refinance? |
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Not every rate move is a reason to refinance. This week I want to share how to think about whether it's actually worth doing.
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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 appealing. The real question is whether the benefit you'd gain over time outweighs the cost of closing a new loan. Some borrowers break even in just a couple of years; others need much longer. Your timeline matters too — if you're planning to move or pay off your mortgage soon, refinancing might not be worth it. I help clients run the actual numbers so they can see whether a refi pencils out for their situation. There's no one-size-fits-all answer, but the math is usually pretty clear once we look at it together. Let's talk through whether refinancing could work 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 Allie Stevens team any time and we'll walk you through your options. |
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