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Thursday, August 20, 2026 |
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Mortgage Market Update
Should you refinance your mortgage?
Hi there. This week I'm breaking down one of the questions I hear most often: when does refinancing actually pay off?
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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—it depends on your situation. If rates have dropped meaningfully since you closed, or if your financial picture has improved (better credit, more equity, stable income), it might be worth a conversation. But refinancing also means closing costs, a new loan term, and time spent in the application process. The key question isn't whether rates are lower—it's whether the long-term benefit outweighs what you'll pay upfront. I help borrowers run the real numbers so you can decide with confidence, not just based on rate headlines. Let's talk through whether a refinance makes sense for your 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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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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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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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 Melanie Hadley Lending Team team any time and we'll walk you through your options.
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(512) 799-8117
Melanie Hadley Lending Team · Unsubscribe
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