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Mortgage Market Update
Megan Maruna
Barrett Financial Group
Wednesday, August 19, 2026
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Should you refinance your mortgage? |
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Interest rates and life circumstances change. Sometimes a fresh look at your loan makes real sense.
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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
When refinancing makes sense for you
Refinancing isn't a one-size-fits-all move. Some borrowers use it to lower their monthly payment, others to shorten their loan term or switch from adjustable to fixed rates. The key is understanding your own situation—how long you plan to stay in your home, what closing costs will be, and whether the math actually works in your favor. If you've made improvements to your home or your credit has strengthened since you bought, your refinancing picture may have changed. I'm here to walk through the numbers with you and help you decide if it's worth exploring right now. Let's talk about whether refinancing could work for your goals.
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Tip of the Week
Inspect your attic insulation. Proper insulation reduces heating and cooling costs and can prevent ice dams on your roof.
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Tips for Homeowners
Fall Home Prep: Heating, Safety & Systems
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1.
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Have your heating system serviced before it's needed. A furnace failure in winter is an emergency — routine maintenance costs far less than emergency repairs.
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2.
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Test smoke detectors and carbon monoxide detectors and replace batteries. Carbon monoxide poisoning risk rises when heating systems run more frequently.
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3.
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Drain and shut off exterior faucets and sprinkler systems before the first freeze to prevent burst pipes — one of the most expensive and disruptive homeowner emergencies.
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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 Megan Maruna team any time and we'll walk you through your options. |
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