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Mortgage Market Update
Trevor Sanders
Thursday, August 20, 2026
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Does refinancing make sense for you? |
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Hi there. This week I want to talk about one of the questions I hear most: should I refinance my mortgage?
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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 actually makes sense
Refinancing isn't always the right move—it depends on your situation. The main reasons people refinance are to lower their monthly payment, shorten their loan term, switch from adjustable to fixed rates, or tap into home equity for a large expense. But refinancing comes with closing costs and a new loan timeline, so it only pays off if you plan to stay in the home long enough to recoup those costs. I always tell clients: run the math first. If you're curious whether refinancing could work for you, I'm happy to walk through the numbers and show you what the real savings (or lack thereof) would look like. There's no obligation—just clarity. Give me a call or send a message if you'd like to explore whether refinancing fits your goals.
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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 Trevor Sanders team any time and we'll walk you through your options. |
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