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Mortgage Market Update
Ben Yost
Ben Yost
Thursday, August 20, 2026
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Should you refinance? Here's how to tell |
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Hi there — I want to share something that comes up a lot in conversations with homeowners. If you've been thinking about your mortgage and wondering whether a refinance might help, this one's 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 it makes sense to refinance your mortgage
Refinancing isn't always the right move, but it's worth understanding when it could work in your favor. The main reasons people refinance are to lower their monthly payment, shorten their loan term, or switch from an adjustable rate to a fixed one. The catch is that refinancing comes with costs and takes time, so you want to make sure the benefit outweighs what you'll pay to do it. A lot depends on how long you plan to stay in your home and what rates look like compared to your current loan. I'm happy to walk through the numbers with you — there's no obligation, and it's really the only way to know if refinancing makes sense for your situation right now. Let's talk about whether refinancing could work 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 Ben Yost team any time and we'll walk you through your options. |
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