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Mortgage Market Update
Aaron Perkins
Wednesday, August 19, 2026
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Should you refinance? Let's do the math |
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Not every rate move calls for action. This week I want to walk you through how to decide if refinancing makes sense for your home loan.
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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 does refinancing actually make sense?
Refinancing isn't always the right move, even when rates drop. The math depends on how long you plan to stay in your home, what you'd pay in closing costs, and how much your payment would really change. Sometimes a smaller rate improvement doesn't justify the expense and hassle. But sometimes it does—and that's worth exploring with real numbers for your specific situation. If you've been wondering whether it's worth looking into, I can run the numbers and show you what the actual payoff would be. Reach out if you'd like me to calculate whether refinancing pencils out for your loan.
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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 Aaron Perkins team any time and we'll walk you through your options. |
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