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Mortgage Market Update
Jason Stroder
Evolve Capital Lending
Thursday, August 20, 2026
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Does refinancing make sense right now? |
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Hi there. I wanted to touch base on something I hear about a lot: whether it's worth refinancing your current loan.
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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 does refinancing actually make sense?
Refinancing isn't always the right move, even when rates drop. The math depends on how long you plan to stay in your home, what your current rate is, and what closing costs will run you. Sometimes a lower rate saves you thousands over time. Other times, you'll break even in a few years and then move on—which is fine if that's your timeline. I help borrowers run the real numbers, not just chase a lower rate on paper. If you've been thinking about it, now's a good time to talk through whether it actually pencils out for your situation. Reach out and we can walk through your specific numbers together.
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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 Jason Stroder team any time and we'll walk you through your options. |
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