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Mortgage Market Update
Torben Berndt
Torben Berndt
Wednesday, August 19, 2026
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Does refinancing pay off in your case? |
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Some weeks we focus on the big picture. This week, I want to help you think through one of the most common questions I hear.
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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 refinancing makes sense (and when it doesn't)
Refinancing isn't always the right move, even when rates look good. The real question isn't whether rates have dropped—it's whether refinancing will actually improve your situation. You'll want to weigh the closing costs and time it takes to break even against how long you plan to stay in your home. If you're thinking about selling or moving in a few years, refinancing might not pencil out. But if you're settled in for the long haul, the math might work strongly in your favor. The best way to know is to run the numbers with someone who understands your full picture. Let's talk through whether refinancing makes sense for your situation.
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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 Torben Berndt team any time and we'll walk you through your options. |
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