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Mortgage Market Update
The Douglas Team
The Douglas Team
Wednesday, August 19, 2026
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Does refinancing make sense right now? |
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Hi there — I wanted to share some straightforward thinking about refinancing this week. It's one of those decisions that looks different for every homeowner.
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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 for your situation
Refinancing isn't right for everyone, but it's worth understanding when it might work in your favor. The most common reason people refinance is to lower their monthly payment — either through a better interest rate or by extending the loan term. Others refinance to switch from an adjustable rate to a fixed one, or to tap into home equity for a major expense. The catch is that refinancing involves closing costs, so you'll want to make sure the savings justify the upfront investment. The longer you plan to stay in your home, the more time you have to recoup those costs. I'm happy to walk through the numbers with you and help you figure out if refinancing could actually put money back in your pocket. Let's talk through whether refinancing could work for you right now.
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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 The Douglas Team team any time and we'll walk you through your options. |
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