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Mortgage Market Update
Anthony Cesarini
Anthony Cesarini
Thursday, August 20, 2026
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Should you refinance your mortgage? |
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Hi there. This week I want to address a question I hear often: refinancing. Let me break down how to know if it's worth considering.
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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 (and when it doesn't)
Refinancing isn't always the right move, even when rates drop. The math depends on how long you plan to stay in your home, your current loan terms, and what closing costs would be. If you're thinking about selling in a few years, refinancing might not pay for itself. But if you're settled and rates have shifted meaningfully, it could lower your payment or help you build equity faster by shortening your loan term. The best way to know is to run the numbers with someone who can look at your specific situation. That's where I come in. Let's talk through whether it makes sense for you right now. Reach out and we'll walk through the numbers together.
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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 Anthony Cesarini team any time and we'll walk you through your options. |
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Your Mortgage Advisor
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Anthony Cesarini
Anthony Cesarini
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