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Mortgage Market Update
Ryan Leahy
Ryan Leahy
Thursday, August 20, 2026
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Refinancing isn't right for everyone |
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I help a lot of homeowners decide whether to refinance. Here's what I always tell them:
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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 101
When refinancing makes sense (and when it doesn't)
Refinancing isn't always the right move, even when rates look attractive. The math depends on how long you plan to stay in your home, what you'd pay in closing costs, and what rate you'd actually qualify for today. If you're thinking about it, I'd run the numbers with you—we look at your current loan, timeline, and goals to see if it pencils out. Sometimes a refi saves thousands over time. Sometimes it doesn't. Either way, you deserve a straight answer instead of just a sales pitch. Let's talk through whether refinancing fits your situation right now.
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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 Ryan Leahy team any time and we'll walk you through your options. |
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