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Mortgage Market Update
Roberto Pineiro
Roberto Pineiro
Wednesday, August 19, 2026
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Should you refinance? Let's find out. |
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One of the smartest money moves a homeowner can make is knowing when—and when not—to refinance. This week, I'm breaking down what you need to consider.
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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 Strategy
When refinancing makes financial sense
A lot of homeowners wonder if refinancing is worth the effort and closing costs. The honest answer: it depends on your situation. If rates have dropped meaningfully since you closed, or if your credit has improved and you'd qualify for better terms, a refinance can lower your monthly payment or shorten your loan timeline. But you'll want to run the math—how long you plan to stay in the home matters, because you need time to recoup the closing costs through your savings. I'm happy to walk you through a quick comparison so you can see whether it pencils out for you. Let's talk through whether refinancing makes sense in your case.
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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 Roberto Pineiro team any time and we'll walk you through your options. |
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