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Mortgage Market Update
Holly L
Holly L Bennett Clark
Thursday, August 20, 2026
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Should you refinance right now? |
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Hi there,
This week I want to talk about one of the questions I hear most often: when does it actually make sense to refinance?
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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 it makes sense to refinance your mortgage
Refinancing isn't a one-size-fits-all move — it depends on your situation, how long you plan to stay in your home, and where rates are relative to your current loan. The math changes based on your timeline and goals, whether that's lowering your monthly payment, shortening your loan term, or tapping equity for a major expense. Some borrowers benefit quickly; others need more time for the savings to add up. That's why it's worth having a real conversation about your numbers before making a decision. If you've wondered whether refinancing could work for you, I'd be happy to walk through the details and help you figure out if the timing is right. Reach out anytime — no obligation, just honest talk about your options.
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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 Holly L team any time and we'll walk you through your options. |
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