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Mortgage Market Update
Brent Moody
Edge Home Finance Corp
Thursday, August 20, 2026
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Should you refinance? Let's check your numbers |
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Hi there. I'm looking at a question I hear often: is it time to refinance? The answer depends on your specific situation—let me break down what matters most.
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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 (and when it doesn't)
A lot of people ask me whether they should refinance, and the answer really depends on your situation. If rates have dropped meaningfully since you closed, your credit has improved, or you want to shorten your loan term, refinancing might pencil out. But it's not automatic—closing costs and your timeline matter. If you're planning to move in a few years, the math often doesn't work in your favor. The best way to know is to run the numbers with me: I can show you what your new payment would look like, how long it'd take to break even on closing costs, and whether the savings justify the process. Every borrower's math is different, and I'm happy to walk through yours. If you've been wondering whether refinancing is right for you, let's talk through it together.
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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 Brent Moody team any time and we'll walk you through your options. |
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(253) 381-4067 | www.brentmoodyloans.com
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