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Mortgage Market Update
Chris Ristau
Chris Ristau
Thursday, August 20, 2026
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Does refinancing make sense for your situation? |
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I know refinancing gets a lot of attention, but not every borrower should do it. This week, I want to help you think clearly about whether 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 Basics
When does refinancing actually make sense?
Refinancing isn't always the right move, even when rates drop. The real question isn't whether rates are lower — it's whether the monthly savings justify the costs and time involved in a new loan. Some borrowers break even in a few years; others never do. It depends on your loan balance, how long you plan to stay in your home, and what you'd pay upfront. I help borrowers run the actual numbers so you're not guessing. If you've been wondering whether now's the time, let's talk through your specific situation and see if the math works in your favor. Reach out and we can walk through whether refinancing pencils out for you.
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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 Chris Ristau team any time and we'll walk you through your options. |
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