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Mortgage Market Update
Hema Konki
Hema Konki
Wednesday, August 19, 2026
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Does refinancing make sense for you right now? |
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A lot of homeowners wonder whether they should refinance, but the answer depends entirely on your plans and your numbers. Let me break down what actually matters.
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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 a refi makes sense—and when it doesn't
Refinancing isn't always the right move, even when rates look good. The real question is whether the monthly savings justify your closing costs and the time you'll stay in your home. I usually tell people to run the numbers: How much lower would your payment be, and how many months until you break even on what you paid to refinance? If you're planning to move or sell within a few years, it might not pencil out. But if you're staying put and the math works, refinancing can free up real cash each month or help you pay down your loan faster. The key is understanding your own situation—not just the headlines. If you'd like me to walk through the numbers for your specific scenario, 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 Hema Konki team any time and we'll walk you through your options. |
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