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Mortgage Market Update
Rita Rehana
Rita Rehana
Thursday, August 20, 2026
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Should you refinance? Let's do the math |
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Refinancing comes up a lot in conversations, but it's not a one-size-fits-all decision. Here's what you need to think about.
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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 does refinancing actually make sense?
A lot of homeowners think about refinancing when rates drop, but the math involves more than just the interest rate. You'll want to think about how long you plan to stay in your home, what your closing costs will be, and how much your monthly payment would actually change. Sometimes a lower rate saves you real money over time. Other times, the costs don't justify the move. The best way to know is to run the actual numbers for your specific situation—and that's where I come in. If you've been wondering whether refinancing could work for you, let's talk through it together. Reach out and I'll walk you through whether a refinance makes sense for your home and timeline.
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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 Rita Rehana team any time and we'll walk you through your options. |
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