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Mortgage Market Update
Scott Campbell
Scott Campbell
Thursday, August 20, 2026
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Should you refinance? Let's do the math |
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Homeownership brings plenty of decisions, and refinancing is one of the biggest. This week I want to walk through the real factors that matter when you're weighing whether to make a move.
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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 Strategy
When refinancing makes sense (and when it doesn't)
Not every rate drop is worth refinancing into a new loan. The math depends on how long you plan to stay in your home, what closing costs look like, and where rates are headed. Sometimes waiting a few weeks makes more sense than locking in today. Sometimes now is exactly the right moment. The only way to know is to run the numbers with your specific situation—your loan balance, remaining term, and timeline. If you've been thinking about it, I can help you see whether refinancing would actually put you ahead or just cost you money in fees. The answer might surprise you. Let's talk through whether refinancing works for your situation right now.
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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 Scott Campbell team any time and we'll walk you through your options. |
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