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Mortgage Market Update
Dante Zompetti
Company Leads - A-Z Lending
Wednesday, August 19, 2026
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Should you refinance? A few questions to ask |
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I talk to a lot of homeowners who wonder whether now is a good time to refinance their mortgage. Today I want to cover the basics so you can decide whether it's worth exploring.
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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 always the right move, but it's worth understanding when it could help. The main reasons people refinance are to lower their monthly payment, shorten their loan term, switch from an adjustable to a fixed rate, or tap into home equity for a major expense. The trade-off is closing costs and starting your loan timeline over—so it only pencils out if you plan to stay in your home long enough to recover those upfront expenses. Market conditions matter too. I work with borrowers to run the real numbers and see if refinancing actually saves them money, not just whether rates have moved. If you've been wondering whether refinancing could work for you, I'd be happy to walk through the details.
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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 Dante Zompetti team any time and we'll walk you through your options. |
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