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Mortgage Market Update
Adele Krsek
Adele Krsek
Thursday, August 20, 2026
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Should you refinance? Let's find out. |
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Hi there. This week I want to talk about refinancing—what it is, when it makes sense, and how to know if it's right 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 Strategy
When does refinancing actually make sense?
A lot of homeowners ask me if they should refinance, and the answer really depends on your personal situation. If rates have dropped since you got your mortgage, or your credit has improved, or you're looking to shorten your loan term, refinancing might work for you. But it's not automatic—you'll want to think about how long you plan to stay in your home and whether the savings justify the costs involved. I'm happy to walk through the numbers with you and help you figure out if it makes sense right now. Give me a call or send over a message, and we can talk through whether refinancing is worth exploring.
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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 Adele Krsek team any time and we'll walk you through your options. |
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