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Mortgage Market Update
Mark Succarotte
The Succarotte Team
Thursday, August 20, 2026
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Should you refinance? Let's find out. |
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Hi there,
Today I want to talk about one of the biggest decisions homeowners face — and one that doesn't have a one-size-fits-all answer.
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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 Strategy
When does refinancing actually make sense?
Refinancing isn't always the right move, even when rates drop. The math depends on how long you plan to stay in your home, what you'll pay in closing costs, and whether a lower monthly payment is worth the reset. Some people benefit in months; others need years to break even. That's why it's worth running the actual numbers for your situation instead of guessing. If you've been curious whether refinancing could work for you, I can walk through the details and show you what it would really mean for your finances. Reach out if you'd like to explore whether refinancing makes sense for your loan.
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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 Mark Succarotte team any time and we'll walk you through your options. |
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