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Mortgage Market Update
Matt Orange
Matt Orange
Wednesday, August 19, 2026
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Should you refinance your mortgage? |
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Hi there — this week I want to tackle a question I hear often from homeowners. Let's look at what actually goes into deciding whether a refinance makes sense for you.
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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 actually makes sense
A lot of homeowners ask me whether they should refinance, and the answer really depends on your situation. The math comes down to a few key factors: how long you plan to stay in your home, what your current loan terms are, and where rates stand relative to your existing mortgage. Sometimes refinancing saves you money over time. Other times, the costs don't justify the benefit. I always recommend running the numbers specific to your scenario rather than making a decision based on headlines alone. If you're curious whether it might be worth exploring, I'm happy to walk through what refinancing could mean for your monthly payment and your long-term picture. Reach out if you'd like to talk through whether refinancing fits your goals.
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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 Matt Orange team any time and we'll walk you through your options. |
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