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Mortgage Market Update
Thomas Abbate
Thomas Abbate
Thursday, August 20, 2026
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Is refinancing worth it for you? |
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Hi there—I wanted to touch on a question I get a lot: should I refinance? The answer isn't always yes, and that's okay.
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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 Strategy
When a refi makes sense (and when it doesn't)
Refinancing isn't always the right move, even when rates drop or your situation changes. The real question isn't whether you can refinance—it's whether the benefit outweighs the cost and time it takes to close. I talk with borrowers who assume a quarter-point rate drop is worth it, but closing costs and how long you plan to stay in the home matter just as much. Sometimes staying put is the smarter play. That's why I always recommend running the real numbers before you commit. If you've been wondering whether now is your moment to refinance, let's have that conversation. I can show you exactly what the math looks like for your situation. Let me know if you'd like to explore whether refinancing makes sense for you right now.
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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 Thomas Abbate team any time and we'll walk you through your options. |
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