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Mortgage Market Update
Kenna Siders
Kenna Siders
Thursday, August 20, 2026
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Does refinancing make sense right now? |
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Markets shift, life changes, and sometimes your current loan stops being the best fit. This week, I'm breaking down when refinancing is worth the effort—and when it's better to leave things as they are.
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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 actually makes sense
Refinancing isn't always the right move, even when rates shift. The real question is whether the long-term benefit outweighs what you'll pay upfront to switch loans. Some people refinance to lower their rate or shorten their term. Others tap equity for a major expense. The catch: closing costs, appraisals, and the reset of your loan clock all factor in. A refinance that saves you money over five years might cost you in year two. I help borrowers run the real math—not just the promise of a lower number on paper. If you've been wondering whether now is your moment to refinance, let's talk through your specific situation. Reach out and we can walk through whether refinancing makes sense for your goals.
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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 Kenna Siders team any time and we'll walk you through your options. |
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