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Mortgage Market Update
Skyler McCurdy
Skyler McCurdy
Wednesday, August 19, 2026
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Should you refinance? Here's how to tell. |
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Hi there. Rates shift, life happens, and sometimes your original loan stops being the best fit. Let's talk about what to consider before you make a move.
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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 look attractive. The real question is whether the long-term benefit outweighs what you'll pay upfront to make the switch. Some people refinance to lower their monthly payment or shorten their loan term. Others use it to tap equity for home improvements or debt consolidation. But if you're planning to sell or move in a few years, the closing costs might not pay for themselves. The best time to refinance is different for everyone—it depends on your goals, how long you plan to stay, and your current loan terms. I'm happy to walk you through the math on your specific situation and help you decide if it's worth exploring right now. Reach out if you'd like to talk through whether a refinance makes sense for you.
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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 Skyler McCurdy team any time and we'll walk you through your options. |
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