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Mortgage Market Update
Michele de Vahle
Michele de Vahle
Thursday, August 20, 2026
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Does refinancing make sense right now? |
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I get a lot of questions about whether homeowners should refinance, and the answer usually depends on a few specific facts about your loan and plans.
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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
A lot of homeowners think about refinancing when rates drop, but timing isn't quite that simple. The real question is whether the monthly savings outweigh the costs of refinancing — and how long you plan to stay in your home. I've worked with plenty of borrowers who ran the numbers and found it made sense, and others who realized it didn't yet. Your specific situation matters: your current loan balance, how many years you've already paid, how long you're staying put. We can walk through what a refinance would actually cost you and what your new payment might look like, so you're not guessing. If you've been wondering whether now is the right time, let's talk through the details together. Reach out if you'd like to explore whether refinancing works 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 Michele de Vahle team any time and we'll walk you through your options. |
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