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Mortgage Market Update
Justin Stein
B.E. Home Finance
Thursday, August 20, 2026
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Does refinancing make sense for you right now? |
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I talk to a lot of homeowners wondering whether they should refinance. The answer is almost always: it depends.
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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 does refinancing actually make sense?
Refinancing isn't always the right move, even when rates drop. The real question is whether your new loan will save you money over the time you plan to stay in your home. We look at your remaining loan balance, how long you'll own the house, and what fees come with a new loan. Sometimes refinancing makes financial sense; sometimes you're better off staying put. The only way to know is to run the actual numbers for your situation—not guesses, not what you hear online, but your specific circumstances. I'm happy to walk through the math with you and show you whether it pencils out. Let's sit down and see if refinancing works for 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 Justin Stein team any time and we'll walk you through your options. |
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