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Mortgage Market Update
Nicholas do Carmo
Barrett Financial
Wednesday, August 19, 2026
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Should you refinance? Here's how to know |
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Hi there. This week I want to talk about refinancing—when it makes sense and when it doesn't.
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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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Refinance Strategy
When refinancing actually makes sense
Refinancing isn't always the right move—but sometimes it's exactly what your finances need. The decision comes down to a few straightforward questions: How long do you plan to stay in your home? What would your new monthly payment look like compared to today? And what are the closing costs you'd need to recoup? These factors matter more than any single rate movement. Some borrowers benefit from a rate drop; others gain more from shortening their loan term or tapping equity for a genuine need. I help clients run the real numbers—not the glossy ones—so you can decide with confidence. If you're wondering whether now is your moment to refinance, let's talk through your specific situation. Reach out anytime you'd like to explore whether refinancing could work for you.
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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 Nicholas do Carmo team any time and we'll walk you through your options. |
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