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Mortgage Market Update
Yoriz Flores
Yoriz Flores
Thursday, August 20, 2026
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Should you refinance? A simple way to tell |
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Hi there. This week I want to touch on a question I hear pretty often: is now a good time 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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Refinancing Basics
When refinancing actually makes sense
A lot of homeowners wonder if they should refinance, but the real question is whether the numbers work for your situation. Refinancing isn't always the right move—sometimes your current loan is doing exactly what you need it to do. What matters is understanding your own timeline, how long you plan to stay in your home, and what you'd actually save over time. If you've been thinking about it but weren't sure where to start, I'm happy to walk through the details with you, no pressure. A simple conversation can help clarify whether it's worth exploring. Reach out if you'd like to talk through whether refinancing fits your goals.
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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 Yoriz Flores team any time and we'll walk you through your options. |
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