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Mortgage Market Update
Lester Marcano
Lester Marcano
Wednesday, August 19, 2026
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Should you consider refinancing your mortgage? |
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Hi — I know refinancing gets a lot of buzz, but it's not right for everyone or every moment. Let me break down what actually matters when you're thinking about it.
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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 does it make sense to refinance?
Refinancing isn't a one-size-fits-all decision — it depends on your situation, how long you plan to stay in your home, and what rates are doing. Some people refinance to lower their monthly payment, others to shorten their loan term or switch loan types. The key is understanding what you're trying to accomplish and whether the costs involved make financial sense for your goals. If you've been wondering whether refinancing might work for you, I'd love to walk through the numbers and trade-offs specific to your loan. There's no obligation — just a conversation to see if it's worth exploring. Reach out anytime if you'd like to talk through your refinancing options.
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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 Lester Marcano team any time and we'll walk you through your options. |
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