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Mortgage Market Update
Pete Ruberti
Pete Ruberti
Thursday, August 20, 2026
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Should you refinance? It depends. |
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Hi there. This week I want to tackle a question I hear often: when is the right time to refinance? The answer might surprise you.
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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, and it's not always the right call. The real question isn't whether rates dropped—it's whether a new loan solves a problem you actually have. Maybe you want to shorten your loan term, switch from adjustable to fixed, tap equity for a major expense, or lower your monthly payment. Each reason has different math behind it. I work through these scenarios with borrowers all the time, and what works for your neighbor might not work for you. If you've been wondering whether refinancing could improve your situation, I'd love to walk through the numbers with you and see what makes sense. Let's talk about whether refinancing fits your goals 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 Pete Ruberti team any time and we'll walk you through your options. |
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