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Mortgage Market Update
Johnny DuRocher
Johnny DuRocher
Wednesday, August 19, 2026
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Refinancing: is it right for you right now? |
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Hi there. I wanted to share some honest thinking about when refinancing actually pays off—and when it might not be worth the effort.
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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 refinancing makes sense (and when it doesn't)
Refinancing isn't always the right move, even when rates shift. The real question isn't whether rates have dropped—it's whether refinancing will actually improve your financial position over time. You have to weigh the cost of refinancing against what you'll save on interest, and that math is different for everyone depending on how long you plan to stay in your home, your current loan terms, and your goals right now. Some people refinance to lower their payment, others to shorten their loan term, and some to tap equity for a major project. Each scenario has different trade-offs. The best way to know if it makes sense for you is to sit down and run the numbers on your specific situation. I'd be happy to walk through it with 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 Johnny DuRocher team any time and we'll walk you through your options. |
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2701 East Insight Way, Suite 150 Chandler AZ 85286
https://johnnydurocher.theradcrm.com/home
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