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Mortgage Market Update
Matt Combs
Mortgage Pro
Wednesday, August 19, 2026
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When refinancing doesn't make sense |
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Hi there. This week I want to address something I hear from borrowers regularly: the urge to refinance whenever rates shift.
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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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Refinance Strategy
When a lower rate isn't worth the cost
Not every rate drop deserves a refinance. I talk to borrowers who are tempted by lower rates without doing the math first—and sometimes staying put is smarter. The real question isn't whether rates have fallen, but whether the savings over time outweigh what you'll pay in closing costs and the reset of your loan timeline. For some of you, refinancing makes strong sense. For others, especially those who plan to move or stay only a few more years, it might not. The best time to refinance is when the numbers work for your specific situation, not just because rates moved. I'd like to walk through your scenario with you. If you're curious whether a refi pencils out, let's talk 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 Matt Combs team any time and we'll walk you through your options. |
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