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Mortgage Market Update
Denise Abarca
Denise Abarca
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 a question I hear often: should I refinance? Let's walk through when it usually makes sense.
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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
Refinancing isn't always the right move, but it can be if your situation has changed. Maybe rates have shifted, your credit has improved, or you want to adjust your loan term. The key is understanding what you'd actually save—and what it costs to refinance—before you decide. Some borrowers benefit from a lower rate; others find that the closing costs don't pencil out. It depends on how long you plan to stay in your home and what you're trying to accomplish. If you're curious whether refinancing makes sense for you right now, I'd be happy to walk through your numbers and show you what the real picture looks like. Reach out if you'd like to explore whether refinancing could work 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 Denise Abarca team any time and we'll walk you through your options. |
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