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Mortgage Market Update
Ryan Stoker
Barrett Financial
Thursday, August 20, 2026
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Does refinancing make sense for you? |
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Hi there,
One of the most common questions I get is about refinancing. Let me break down how to think about it.
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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 really depends on your personal situation. Refinancing isn't automatically the right move just because rates shift or because you've heard someone else talk about it. The real question is whether the long-term benefit outweighs the cost of refinancing itself. Sometimes staying put in your current loan is smarter than starting over. That's why I always recommend we sit down and run the real numbers for your specific scenario—your remaining loan term, how long you plan to stay in the home, and what your goals actually are. I'm here to give you honest guidance, not a sales pitch. 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 Ryan Stoker team any time and we'll walk you through your options. |
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