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Mortgage Market Update
John Kunkel
John Kunkel
Wednesday, August 19, 2026
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Does refinancing make sense right now? |
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Hi there. As rates and life circumstances shift, refinancing comes up a lot — and it's rarely a one-size-fits-all answer.
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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 a refi makes sense (and when it doesn't)
Refinancing isn't always the right move, even when rates drop. The real question is whether your new loan saves you money after closing costs are factored in. Sometimes staying put makes more sense than paying to switch. That said, if you've built equity or your financial situation has improved since you bought, refinancing could lower your payment, shorten your timeline, or help you tap cash for a major expense. The math is different for everyone, which is why it's worth a conversation before you decide. I'm here to run the numbers and show you what the options actually look like for your specific loan. 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 John Kunkel team any time and we'll walk you through your options. |
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