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Mortgage Market Update
Team Dayton
Team Dayton
Thursday, August 20, 2026
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Does refinancing actually pay off for you? |
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One of the best questions you can ask about a rate move is simple: does it matter for my home? Let me explain what I mean.
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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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Smart Refinancing
When a lower rate actually makes sense
Not every rate drop is worth refinancing for. I talk to homeowners all the time who've heard rates moved and wonder if they should act — but the real question is whether the savings over time outweigh the costs of refinancing itself. A small rate improvement might not pencil out if you're planning to sell or move in a few years. That's why I always recommend we do the math together before you decide. The goal is making sure any refinance puts real money back in your pocket, not just on paper. If you've been curious whether a refinance makes sense for your situation, I'd love to run the numbers with you — no obligation, just clarity. Reach out and we'll talk through whether refinancing makes financial 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 Team Dayton team any time and we'll walk you through your options. |
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(253) 532-5626
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