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Mortgage Market Update
Omar Navarro
Omar Navarro
Thursday, August 20, 2026
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Should you refinance? (probably worth a call) |
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It's easy to assume lower rates always mean you should refinance. But the real answer is more nuanced than that—and it depends on your goals.
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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?
I talk to homeowners all the time who wonder if they should refinance. The answer really depends on your situation—where rates are relative to your current loan, how long you plan to stay in the home, and what refinancing costs. Sometimes it's a smart money move; sometimes it's better to keep what you have. The key is doing the math on your specific circumstances rather than just chasing a rate drop. If you're curious whether refinancing could work for you, I'd be happy to walk through the numbers and show you what to expect. Let's talk about whether refinancing makes sense for your home 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 Omar Navarro team any time and we'll walk you through your options. |
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