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Mortgage Market Update
Johnny DuRocher
Johnny DuRocher
Thursday, August 20, 2026
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Refinancing: is it right for you right now? |
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Hi there. I wanted to share some honest thinking about when refinancing actually pays off—and when it might not be worth the effort.
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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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Refinance Strategy
When refinancing makes sense (and when it doesn't)
Refinancing isn't always the right move, even when rates shift. The real question isn't whether rates have dropped—it's whether refinancing will actually improve your financial position over time. You have to weigh the cost of refinancing against what you'll save on interest, and that math is different for everyone depending on how long you plan to stay in your home, your current loan terms, and your goals right now. Some people refinance to lower their payment, others to shorten their loan term, and some to tap equity for a major project. Each scenario has different trade-offs. The best way to know if it makes sense for you is to sit down and run the numbers on your specific situation. I'd be happy to walk through it with 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 Johnny DuRocher team any time and we'll walk you through your options. |
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2701 East Insight Way, Suite 150 Chandler AZ 85286
https://johnnydurocher.theradcrm.com/home
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