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Mortgage Market Update
Kevin Burrus
Kevin Burrus
Wednesday, August 19, 2026
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Should you refinance? It depends on one thing |
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Hi there — mortgage decisions often come down to one simple question: does this make sense for my timeline? This week I want to break down when refinancing actually pays off.
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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 (and when it doesn't)
Refinancing isn't always the right move, even when rates drop. The real question is whether the savings over time outweigh the costs to refinance. If you're planning to stay in your home for several more years, a refi might pencil out nicely. But if you're thinking of selling or moving soon, the upfront costs may never pay back. I always tell people to think about your timeline first, then we can run the numbers together. Every situation is different, and that's exactly why it's worth having a conversation before you decide. Curious whether refinancing could work for you? Let's talk through it. If you'd like to explore whether refinancing makes sense for your situation, I'm here to help.
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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 Kevin Burrus team any time and we'll walk you through your options. |
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