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Mortgage Market Update
Stacy Jetton
Edge Home Finance
Thursday, August 20, 2026
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Does refinancing make sense right now? |
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Hi there. This week I want to talk about refinancing—what it is, why people do it, and how to know if it's worth considering 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 refinancing makes sense (and when it doesn't)
Refinancing can be a smart move, but it's not right for everyone or every situation. The main reason people refinance is to lower their monthly payment—either because rates have dropped or because they want to extend their loan term. Some borrowers also refinance to switch from an adjustable rate to a fixed rate, or to tap into home equity for a large expense. The catch is that refinancing comes with closing costs, so you want to make sure the savings will actually cover those costs over the time you plan to stay in your home. I always recommend looking at your full picture: how long you'll likely keep the house, what your current rate and loan balance are, and what the new terms would be. That's where the real math happens. If you're wondering whether refinancing could work for you, I'd love to walk through the numbers.
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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 Stacy Jetton team any time and we'll walk you through your options. |
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404-431-8843 | https://www.JetLoan.com
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