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Mortgage Market Update
Eitan Shafshak
Thursday, August 20, 2026
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Refinancing math: does it work for you? |
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Hi there — with so much rate talk happening, I wanted to cut through the noise and focus on what actually matters for your wallet.
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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 drop. The math depends on how long you plan to stay in your home, how much you'd pay in closing costs, and what your current rate actually is. Some people benefit within a year or two; others need to wait longer for the savings to add up. The key is running the real numbers for your specific situation rather than chasing rate headlines. If you've been thinking about refinancing but weren't sure whether it penciled out, I'd be happy to walk through the details with you. We can look at your loan and see what the actual break-even point would be. Let me know if you'd like to explore whether refinancing could work for your home.
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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 Eitan Shafshak team any time and we'll walk you through your options. |
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