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Mortgage Market Update
Dorian Gonzalez
Dorian Gonzalez
Thursday, August 20, 2026
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Should you refinance? Three reasons to think about it |
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Hi there. This week I want to walk you through refinancing—when it makes sense and what to watch out for.
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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 it makes sense to refinance your mortgage
A lot of people think refinancing only makes sense if rates drop dramatically, but there are actually several reasons you might want to consider it. Maybe you want to shorten your loan term, lower your monthly payment, switch from an adjustable to a fixed rate, or tap into your home's equity for a major expense. The math is different for everyone, and what works for your neighbor might not work for you. That's why it's worth having a real conversation about your specific situation—no obligation, just honest guidance on whether refinancing could help you reach your goals. Let's talk through whether refinancing makes sense for 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 Dorian Gonzalez team any time and we'll walk you through your options. |
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