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Mortgage Market Update
Marc Sears
Marc Sears
Wednesday, August 19, 2026
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Does a refinance make sense for you? |
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Rates move, and so do your options. This week I want to help you think clearly about one of the biggest decisions homeowners face.
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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 makes sense (and when it doesn't)
Refinancing isn't always the right move, even when rates drop. The math depends on how long you plan to stay in your home, your current loan terms, and what closing costs would be. Sometimes a lower rate saves you real money over time. Other times, you'd break even in five years—and if you're thinking of selling sooner, refinancing costs more than it saves. I help clients run the actual numbers so the decision is clear, not guessed. If you've been wondering whether now is your moment to refinance, let's talk it through together. Reach out and we can walk through whether a refinance would work in your favor.
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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 Marc Sears team any time and we'll walk you through your options. |
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