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Mortgage Market Update
Troy Holm
Troy Holm
Thursday, August 20, 2026
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Does refinancing make sense for your situation? |
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Refinancing gets a lot of buzz, but it's not one-size-fits-all. Let me walk you through how to know if it's worth your time and money.
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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 isn't always the right move, even when rates drop or your situation changes. The key is looking at your whole picture: how long you plan to stay in the home, what your new payment and terms would be, and whether closing costs are worth the savings. Sometimes a rate drop of a quarter point isn't enough to justify the expense. Other times, switching to a shorter loan term or pulling out equity for a smart purpose can be a real win. I help borrowers run the real numbers so you know exactly what you'd save and over what timeframe. If you've been wondering whether now is your moment to refinance, let's talk through it together. Reach out if you'd like to explore whether refinancing could work for you.
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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 Troy Holm team any time and we'll walk you through your options. |
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