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Mortgage Market Update
Krunal Shah
Krunal Shah
Thursday, August 20, 2026
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Should you refinance? Let's find out. |
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Hi there, I get asked this question a lot, and it deserves a real answer, not a sales pitch. Here's what actually matters when you're thinking about refinancing.
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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 Strategy
When does refinancing actually make sense?
A lot of homeowners wonder if they should refinance, and the answer really depends on your situation. If rates drop significantly from what you locked in, or if your credit has improved since you bought, refinancing might lower your payment or shorten your loan term. But refinancing isn't free—there are closing costs involved, and it takes time. The key is figuring out whether the savings add up before you break even on those costs. That's where a straight conversation helps. I can run the numbers for your specific loan and show you whether refinancing pencils out for your goals. Let's talk through whether a refinance makes sense for you right now.
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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 Krunal Shah team any time and we'll walk you through your options. |
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