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Mortgage Market Update
Angela Maw
Angela Maw
Thursday, August 20, 2026
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Should you refinance right now? |
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Hi there — this week I'm breaking down one of the questions I hear most often from homeowners. It's a decision that deserves a straight answer.
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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 it makes sense to refinance your mortgage
Refinancing isn't always the right move, but there are times when it can genuinely help your financial picture. The most common reason people refinance is to lower their monthly payment or shorten their loan term when market conditions allow. But refinancing can also let you tap into your home's equity for a large expense, switch from an adjustable rate to a fixed one, or consolidate debt. The trade-off is that you're starting a new loan, which means closing costs and a reset on your timeline. That's why it's worth running the numbers with someone who knows your full situation. If you've been wondering whether refinancing could work for you, I'd love to walk through your options and see what actually makes sense. Let's talk through whether a refinance could help 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 Angela Maw team any time and we'll walk you through your options. |
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