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Mortgage Market Update
Dusty Feller
Dusty Feller
Thursday, August 20, 2026
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Does refinancing make sense for you? |
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Refinancing gets a lot of attention, but it's not a one-size-fits-all solution. Here's what you should actually consider.
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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 actually makes sense
Refinancing isn't always the right move—it depends on your goals, how long you plan to stay, and what the numbers actually show. Some people refinance to lower their rate or shorten their loan term. Others tap equity to consolidate debt or fund a renovation. The key is understanding your break-even point: if you're planning to move in a few years, the closing costs might not pay for themselves. I help borrowers run the real math, not the optimistic version. If you've been wondering whether now is the right time for you, that's exactly what I'm here to talk through. Let's look at your situation and see if refinancing could work in your favor.
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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 Dusty Feller team any time and we'll walk you through your options. |
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