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Mortgage Market Update
Your Lender Erin
Xpert Home Lending
Thursday, August 20, 2026
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Does refinancing make sense for you right now? |
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Refinancing gets a lot of attention when rates move, but it's not the right answer for everyone. This week, let's talk about how to know if it's worth considering for your situation.
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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 makes sense (and when it doesn't)
Refinancing isn't always the right move, even when rates drop or your situation changes. The key is understanding what you're trying to accomplish. Are you lowering your monthly payment? Shortening your loan term? Tapping into equity for a major expense? Each goal has its own math, and the numbers have to work in your favor after you account for closing costs and how long you plan to stay in the home. I talk to borrowers all the time who've thought about refinancing but weren't sure if it made sense. That's exactly when it helps to run the numbers together. We can look at your current loan, compare it to what's available now, and show you whether the savings are real or just a nice idea. If refinancing isn't right for you today, that's okay—but knowing why takes the guesswork out of the decision. Let's walk through your refinance scenario and see what the numbers actually show.
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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 Your Lender Erin team any time and we'll walk you through your options. |
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5103046216 | www.yourlendererin.com
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