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Mortgage Market Update
Jessica Firmiano
Jessica Firmiano
Wednesday, August 19, 2026
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Could refinancing work for you right now? |
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Hi there. This week I want to talk about something many homeowners overlook — the chance to rethink their mortgage before another year passes.
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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
Why your old rate might not be your final rate
A lot of homeowners assume their mortgage rate is locked in for life, but that's not how it works. Market conditions shift, your financial situation changes, and sometimes the numbers make a strong case for looking at your options. Refinancing isn't right for everyone — it depends on how long you plan to stay in your home, what your new rate might be, and the costs involved. But ignoring the possibility altogether could cost you. If it's been a while since you closed, a quick conversation about whether a refinance makes sense could save you real money over time.
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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 Jessica Firmiano team any time and we'll walk you through your options. |
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6 Wills Way, Piscataway, NJ 08854
(908) 656-3886 | https://petracephasinc.theradcrm.com/
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