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Mortgage Market Update
Christina Maciejewski
Christina Maciejewski
Thursday, August 20, 2026
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Should you refinance your mortgage? |
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Hi there. This week I want to talk about refinancing—what it really means and when it's worth considering.
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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 a one-size-fits-all move—it works best when your circumstances or the market align in a way that actually saves you money or improves your financial picture. Some homeowners refinance to lower their rate and monthly payment, while others extend their loan term to free up cash flow, switch from adjustable to fixed rates, or tap home equity for a major expense. The key is understanding your own goal first, then running the real numbers to see if the costs involved—application fees, appraisal, closing costs—make sense given your timeline and how long you plan to stay in the home. I'm happy to walk through whether refinancing might work for you right now. Reach out if you'd like to explore whether refinancing could benefit your situation.
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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 Christina Maciejewski team any time and we'll walk you through your options. |
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