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Mortgage Market Update
Eddie Gamez
Edge Home Finance LLC
Thursday, August 20, 2026
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Does refinancing pencil out for you? |
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I've had a lot of homeowners asking lately whether now is a good time to refinance. The answer really depends on your circumstances, not just what rates are doing.
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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 look attractive. The main thing to consider is whether the savings you'd get over time outweigh the costs of refinancing—closing costs, appraisal fees, and the time it takes to process. If you're planning to stay in your home long enough to recoup those costs through lower payments, it can be a smart financial step. But if you're thinking of moving in a few years, refinancing might work against you. The best way to know if it makes sense for your situation is to look at your specific numbers. I'm happy to walk through the math with you and show you what different scenarios look like so you can make the decision with confidence.
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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 Eddie Gamez team any time and we'll walk you through your options. |
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915-706-0950
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