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Mortgage Market Update
Douglas Wilkerson
Douglas Wilkerson
Wednesday, August 19, 2026
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Should you refinance? Let's talk it through |
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I hear from homeowners regularly about whether they should refinance. This week I want to walk through what actually makes it a smart move—and what 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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Refinancing Basics
When refinancing makes sense for your situation
Refinancing isn't always the right move—it depends on your goals and where rates are relative to your current loan. Some borrowers refinance to lower their monthly payment, others to shorten their loan term or tap into home equity. The key is understanding what you're trying to accomplish and whether the costs involved make sense for your timeline. If you've been thinking about it but aren't sure whether now is the right moment, that's exactly what I'm here to help you figure out. Let's talk through your options—no pressure, just honest guidance on whether a refinance could work for you. Reach out if you'd like to explore whether refinancing might be a good fit 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 Douglas Wilkerson team any time and we'll walk you through your options. |
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