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Mortgage Market Update
Veronica DeWitt
Barrett Financial
Thursday, August 20, 2026
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When does refinancing actually make sense? |
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Hi there — this week I want to address a question I hear a lot: at what point should you refinance your mortgage?
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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 a rate drop might be worth your time
Not every rate movement calls for a refinance. Sometimes the savings don't justify the closing costs and time involved. But when rates do shift meaningfully in your favor, it's worth a conversation. The math depends on how long you plan to stay in your home, your current loan balance, and what you'd pay to refinance. I help borrowers run those numbers so you can decide with confidence, not guesswork. If you've been on the fence about whether refinancing makes sense for your situation, now is a good time to check in. Let's talk 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 Veronica DeWitt team any time and we'll walk you through your options. |
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5750 Sunrise Blvd Ste 130 ECitrus Heights, CA 95610
5103968994 | www.dewitthomeloans.com
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