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Mortgage Market Update
Kris Rich
Kristen Rich
Wednesday, August 19, 2026
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Does refinancing make sense for you right now? |
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I get this question every week, and it deserves a real answer. Let me walk you through how to think about it.
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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 does refinancing actually make sense?
A lot of homeowners ask me whether they should refinance, and the honest answer is: it depends on your situation. Refinancing makes the most sense when your financial picture has changed—maybe your credit has improved, your home has gained value, or market conditions have shifted in a way that benefits you. But refinancing comes with costs, so it's worth doing the math to see if the long-term savings justify the upfront expense. Sometimes staying put is the smarter move. That's why I always recommend we sit down and walk through the numbers together before you decide. Every borrower's timeline and goals are different, and what worked for your neighbor might not work for you. Let's talk through whether a refinance makes sense in your case—no pressure, just clarity.
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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 Kris Rich team any time and we'll walk you through your options. |
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