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Mortgage Market Update
Angie Keene
Angie Keene
Thursday, August 20, 2026
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Should you refinance? Let's do the math |
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Not every rate move or loan offer is worth acting on. This week I want to walk through how to think clearly about refinancing so you can make a confident decision.
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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, even when rates shift. The real question is whether the long-term savings justify the cost and time involved in the process. Some borrowers benefit from lower rates or switching loan terms; others find the numbers don't quite work out. It depends on how long you plan to stay in your home, your current loan balance, and what you'd actually pay in closing costs. I always recommend we sit down and run the actual math together so you can see the real picture—not assumptions or guesses. That way you're making a decision based on your specific situation, not just market noise. Let's talk through whether refinancing makes sense for you 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 Angie Keene team any time and we'll walk you through your options. |
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