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Mortgage Market Update
Jacquie Saldana
Jacquie Saldana
Thursday, August 20, 2026
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Does refinancing actually pencil out for you? |
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Not every rate drop is a reason to refinance. This week, I want to help you figure out if one actually is.
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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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Refinance Strategy
When a rate drop is worth the paperwork
Refinancing isn't automatic—even when rates fall. The real question is whether your new rate will save you enough to cover closing costs and make the move worth your time. Everyone's break-even point is different, depending on how long you plan to stay in your home, what you currently owe, and the size of the rate improvement. Some people benefit in months. Others find the payoff takes years. I can walk you through the actual math for your specific loan so you know whether refinancing makes sense right now, or whether it's smarter to sit tight. There's no one-size-fits-all answer—just the answer that fits your situation. If you've been wondering whether a refi makes sense for you, let's run the 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 Jacquie Saldana team any time and we'll walk you through your options. |
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