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Mortgage Market Update
Matthew Chauncey
Matthew Chauncey
Thursday, August 20, 2026
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Should you refinance your mortgage? |
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Every homeowner's situation is different, and what made sense five years ago might look different today. That's why I want to share some straightforward thoughts on refinancing this week.
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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 makes sense for your situation
Refinancing isn't right for everyone, but it can be worth exploring if your goals or circumstances have changed. Some people refinance to lower their monthly payment, others to shorten their loan term or tap into home equity for a major expense. The math depends on how long you plan to stay in your home, what you owe now, and where rates are heading. I always recommend running the numbers before deciding—sometimes a small change in rate or term can add up to real savings over time. If you're curious whether refinancing could work for you, I'd be happy to walk through your options without any pressure. Give me a call or send a message, and we can talk through whether refinancing fits your plan.
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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 Matthew Chauncey team any time and we'll walk you through your options. |
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