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Mortgage Market Update
Wade Willers
Wade Willers
Thursday, August 20, 2026
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Does refinancing make sense for you right now? |
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With rates moving the way they do, refinancing comes up a lot. But not every homeowner benefits from it—and that's worth knowing before you apply.
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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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Refinance Strategy
When refinancing makes sense (and when it doesn't)
Refinancing sounds simple—swap your old loan for a new one at better terms. But it only pencils out if the numbers work for your situation. Some of you might lower your payment or shorten your loan term. Others might pull cash out for a real need. And plenty of homeowners refinance when it doesn't actually help them, because they focus on rate alone and miss closing costs and how long they'll stay in the home. The math has to favor you—not just today, but over the years you'll be paying. That's where a real conversation helps. I can walk you through whether a refinance makes sense for your goals, timeline, and budget. If you're curious whether refinancing could work for you, I'd be happy to review your 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 Wade Willers team any time and we'll walk you through your options. |
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