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Mortgage Market Update
Lisa Zamora
Lisa Zamora
Thursday, August 20, 2026
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Should you refinance right now? |
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Rates are always moving, and so are people's circumstances. This week I want to talk about one of the most important decisions a homeowner faces.
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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 makes sense for your situation
Refinancing isn't one-size-fits-all, and it's not always the right move—even when rates shift. The question to ask yourself is simple: will the monthly savings or new terms justify the cost and time involved? Sometimes a lower payment matters more than rate; sometimes you're looking to shorten your loan term or tap equity for a major expense. The math works differently for everyone depending on how long you plan to stay in your home, your current loan balance, and what you're trying to achieve. I'm here to walk through the numbers with you and help you decide if it makes sense right now. Reach out anytime—I can show you whether refinancing pencils out for your specific situation.
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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 Lisa Zamora team any time and we'll walk you through your options. |
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