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Mortgage Market Update
Eitan Shafshak
Wednesday, August 19, 2026
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Refinancing math: does it work for you? |
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Hi there — with so much rate talk happening, I wanted to cut through the noise and focus on what actually matters for your wallet.
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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 drop. The math depends on how long you plan to stay in your home, how much you'd pay in closing costs, and what your current rate actually is. Some people benefit within a year or two; others need to wait longer for the savings to add up. The key is running the real numbers for your specific situation rather than chasing rate headlines. If you've been thinking about refinancing but weren't sure whether it penciled out, I'd be happy to walk through the details with you. We can look at your loan and see what the actual break-even point would be. Let me know if you'd like to explore whether refinancing could work for your home.
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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 Eitan Shafshak team any time and we'll walk you through your options. |
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