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Mortgage Market Update
Tammy Saul
Tammy Saul
Thursday, August 20, 2026
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Should you consider refinancing this year? |
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Hi there—this week I want to tackle a question I hear often: when is the right time to refinance? Let me break it down for you.
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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 it make sense to refinance?
Refinancing isn't always the right move, but there are times when it can really work in your favor. The most common reason people refinance is to lower their interest rate—but that's not the only reason. Some folks refinance to switch from an adjustable rate to a fixed one, shorten their loan term, or tap into their home equity for a big expense. The key is to think about how long you plan to stay in the home and whether the benefits outweigh the costs involved. I'm here to walk you through the details and help you figure out if refinancing makes sense for your situation. Let's talk about whether refinancing could work for you—reach out anytime.
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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 Tammy Saul team any time and we'll walk you through your options. |
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