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Mortgage Market Update
Allie Stevens
Allie Stevens
Wednesday, August 19, 2026
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Does it make sense for you to refinance? |
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Not every rate move is a reason to refinance. This week I want to share how to think about whether it's actually worth doing.
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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)
Refinancing isn't always the right move, even when rates look appealing. The real question is whether the benefit you'd gain over time outweighs the cost of closing a new loan. Some borrowers break even in just a couple of years; others need much longer. Your timeline matters too — if you're planning to move or pay off your mortgage soon, refinancing might not be worth it. I help clients run the actual numbers so they can see whether a refi pencils out for their situation. There's no one-size-fits-all answer, but the math is usually pretty clear once we look at it together. Let's talk through whether refinancing could work for you.
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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 Allie Stevens team any time and we'll walk you through your options. |
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