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Mortgage Market Update
Robert Hetherington
Robert Hetherington
Thursday, August 20, 2026
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Should you refinance? Let's run the numbers |
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Hi there. This week I'm tackling a question I hear often: is now a good time to refinance my mortgage?
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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 refinancing makes sense for you
A lot of homeowners ask me whether they should refinance, and honestly, there's no one-size-fits-all answer. The decision depends on your situation — how long you plan to stay in your home, what your current rate and loan terms look like, and what's happening in the market. Sometimes a refinance cuts your monthly payment and saves you money over time. Other times, the costs don't justify the savings. The good news is that you don't have to guess. I can walk through the real numbers with you and show you whether a refinance pencils out for your specific circumstances. If it does, great. If it doesn't, we'll know that too, and I'll tell you straight. Let's sit down and review whether refinancing makes sense for your home loan.
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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 Robert Hetherington team any time and we'll walk you through your options. |
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11 Garce Ave Suite 408 Great Neck NY 11021
5163837350 | www.silverfincapital.com
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