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Mortgage Market Update
Stephen Bellew
Stephen Bellew
Thursday, August 20, 2026
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Does your loan still fit your goals? |
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Hi there—I wanted to touch on a question I hear often: should I refinance? Let's talk through what actually matters when you're thinking about it.
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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 Strategy
When refinancing makes financial sense
Refinancing isn't always the right move, but sometimes it can meaningfully improve your situation. The decision usually comes down to a few key factors: how long you plan to stay in your home, what your current rate and loan balance look like, and what new terms you'd qualify for. If rates have moved in your favor and you're planning to be there for several more years, it might be worth a conversation. Even if rates haven't dropped dramatically, other reasons to refinance exist—like shortening your loan term, switching from adjustable to fixed, or tapping equity for a major expense. The math is personal to your situation, which is why it helps to talk through the numbers with someone who knows your loan. Let's look at whether refinancing could work for you—reach out and we'll walk through your options.
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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 Stephen Bellew team any time and we'll walk you through your options. |
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