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Mortgage Market Update
Tyler Bottermuller
Tyler Bottermuller
Thursday, August 20, 2026
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Should you refinance? Let's do the math |
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Not every mortgage situation calls for the same solution. This week, I want to walk you through when refinancing can help—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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Refinancing Strategy
When refinancing makes sense (and when it doesn't)
Refinancing isn't always the right move, even when rates drop. The math depends on your loan balance, how long you plan to stay in your home, and what you'd pay in closing costs. Sometimes a refinance saves you thousands over time. Other times, you're better off staying put. The key is running the real numbers—not just looking at a rate quote. I help borrowers work through this question all the time, and the answer is always personal. If you've been wondering whether refinancing could work for you, let's talk through your specific situation. I can show you what the numbers actually look like. Reach out, and we'll run a quick analysis to see if refinancing makes sense 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 Tyler Bottermuller team any time and we'll walk you through your options. |
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