Arturo Solis · August 20, 2026

Should you refinance? Here's how to decide

Mortgage Market Update

Arturo Solis

Arturo Solis

Thursday, August 20, 2026

Should you refinance? Here's how to decide

Not every financial move that looks good on the surface actually saves you money. This week I want to talk about refinancing and how to know if it's right for you.

National Mortgage Rates · August 13, 2026

30-Year Fixed

6.67%

FHA 30-Year

6.46%

VA 30-Year

6.36%

Rate trend

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.


Refinance Basics

When refinancing makes sense (and when it doesn't)

Refinancing isn't always the right move, even when rates drop or your situation changes. The real question is whether the benefit outweighs the cost and time. A lower rate sounds great, but you'll want to think about how long you plan to stay in your home, what you'd pay in closing costs, and whether you're extending your loan term in ways that cost you more overall.

The math isn't complicated, but it's worth doing. If you've been wondering whether now is your moment to refinance—or if you should just let your current loan run its course—I'm happy to walk through the numbers with you. No pressure, just clarity.

Reach out if you'd like to talk through whether refinancing fits your situation.

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.

Tips for Homeowners

Weatherproofing Your Home Before Winter

1.

Clean your chimney if you have a fireplace. The National Fire Protection Association recommends annual inspection and cleaning to prevent chimney fires.

2.

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.

3.

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.

Have questions about how any of this affects your mortgage or home purchase? We're here to help — reach out to the Arturo Solis team any time and we'll walk you through your options.

Your Mortgage Advisor

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Arturo Solis

Arturo Solis

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