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Mortgage Market Update
Rafi Hatamian
Phast Funding
Wednesday, August 19, 2026
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Does refinancing make sense right now? |
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Hi there—I wanted to share a straightforward way to think about whether refinancing is worth your time and effort.
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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 (and when it doesn't)
A lot of homeowners ask me whether they should refinance, and the answer isn't always yes—even when rates move in your favor. Refinancing makes the most sense when the long-term savings outweigh the costs and time it takes to break even. Your timeline matters: if you're planning to sell or move in a few years, refinancing might not pencil out. But if you're staying put, a refinance can meaningfully lower your monthly payment, shorten your loan term, or help you tap equity for a major expense. The best move is to run the numbers based on your specific situation, not just chase rate headlines. I'm happy to walk you through whether it makes sense for you. Let me know if you'd like to explore whether refinancing could work for 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 Rafi Hatamian team any time and we'll walk you through your options. |
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(310) 849-1450
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