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Mortgage Market Update
Daniel Bellomy
Daniel Bellomy
Thursday, August 20, 2026
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Does refinancing make sense for you? |
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Hi there. I wanted to touch on a question I hear often from homeowners thinking about their next move.
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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 monthly savings you'd gain outweigh the closing costs and the time you plan to stay in your home. If you're thinking about selling in a few years, refinancing might cost more than it saves. But if you're settling in long-term, the math can work strongly in your favor. I help borrowers run these numbers honestly—not to sell a loan, but to show you whether it pencils out for your situation. Every home and timeline is different, which is why a quick conversation beats guessing. Reach out if you'd like to talk through whether refinancing makes sense for you right now.
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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 Daniel Bellomy team any time and we'll walk you through your options. |
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