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Mortgage Market Update
Brenda Rodriguez
Brenda Merecka Rodriguez
Thursday, August 20, 2026
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Should you refinance right now? |
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Hi there. With so much changing in the housing market, I want to help you think clearly about your options.
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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 actually makes sense
A lot of homeowners ask me whether they should refinance, and the answer depends on your situation. Refinancing isn't always the right move—sometimes your current loan is working fine. But if your financial picture has changed since you bought, or if market conditions have shifted, it's worth a conversation. I can walk through what a refinance might mean for your monthly payment, how long it would take to recoup closing costs, and whether switching loan terms could serve your goals. The best time to explore it is before you need to, not when you're in crisis mode. Let me know if you'd like to talk through whether refinancing could work for your home and finances.
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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 Brenda Rodriguez team any time and we'll walk you through your options. |
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