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Mortgage Market Update
Cheyene DeWeese
Cheyene DeWeese
Thursday, August 20, 2026
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Should you refinance? Here's what to consider |
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Hi there. This week I want to address a question I hear often: is refinancing right for me?
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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 it makes sense to refinance your mortgage
A lot of homeowners wonder whether refinancing is worth the effort and cost. The answer depends on your situation — how long you plan to stay in your home, what your current rate looks like compared to where rates are now, and how much you'd pay in closing costs. Sometimes refinancing saves you real money over time. Other times, you're better off staying put. I always recommend running the numbers before deciding, and I'm happy to walk you through what refinancing would look like for you specifically. There's no obligation — it's just about knowing your options. Let's talk through whether refinancing makes sense in your case.
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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 Cheyene DeWeese team any time and we'll walk you through your options. |
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