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Mortgage Market Update
Thomas Abbate
Thomas Abbate
Wednesday, August 19, 2026
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Is refinancing worth it for you? |
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Hi there—I wanted to touch on a question I get a lot: should I refinance? The answer isn't always yes, and that's okay.
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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 Strategy
When a refi makes sense (and when it doesn't)
Refinancing isn't always the right move, even when rates drop or your situation changes. The real question isn't whether you can refinance—it's whether the benefit outweighs the cost and time it takes to close. I talk with borrowers who assume a quarter-point rate drop is worth it, but closing costs and how long you plan to stay in the home matter just as much. Sometimes staying put is the smarter play. That's why I always recommend running the real numbers before you commit. If you've been wondering whether now is your moment to refinance, let's have that conversation. I can show you exactly what the math looks like for your situation. Let me know if you'd like to explore whether refinancing makes sense for you right now.
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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 Thomas Abbate team any time and we'll walk you through your options. |
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