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Mortgage Market Update
Todd Libby
Todd Libby
Thursday, August 20, 2026
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Does refinancing make sense right now? |
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I get asked about refinancing all the time, and the answer usually depends on your numbers, not just the headlines.
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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
Refinancing isn't always the right move, even when rates drop. The real question is whether the monthly savings and long-term benefit justify closing costs and resetting your loan term. Sometimes staying put is smarter than switching. I help borrowers run the actual numbers—not just chase rates—to see if a refinance pencils out for their specific situation. If you've been thinking about it, or wondering whether it's worth exploring, I'm happy to walk through what the math looks like for you. Reach out if you'd like to talk through whether refinancing could work in your favor.
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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 Todd Libby team any time and we'll walk you through your options. |
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