|
THIS WEEK
Could refinancing work in your favor?
Hi there. I've had several conversations this week about whether it's time to refinance, and I realized I haven't shared my thinking on when it actually makes sense.
|
RATE SNAPSHOT · August 13, 2026
|
30-YR FIXED
6.67%
|
VA 30-YR
6.33%
|
%22%2C%22fill%22%3Atrue%2C%22tension%22%3A0.4%2C%22pointRadius%22%3A4%2C%22pointBackgroundColor%22%3A%22%233b5bdb%22%2C%22borderWidth%22%3A2%7D%5D%7D%2C%22options%22%3A%7B%22plugins%22%3A%7B%22legend%22%3A%7B%22display%22%3Afalse%7D%7D%2C%22scales%22%3A%7B%22y%22%3A%7B%22ticks%22%3A%7B%22callback%22%3A%22function(v)%7Breturn%20v%2B%5C%22%25%5C%22%7D%22%2C%22color%22%3A%22%23aaa%22%7D%2C%22grid%22%3A%7B%22color%22%3A%22rgba(255%2C255%2C255%2C0.08)%22%7D%7D%2C%22x%22%3A%7B%22grid%22%3A%7B%22display%22%3Afalse%7D%2C%22ticks%22%3A%7B%22font%22%3A%7B%22size%22%3A11%7D%2C%22color%22%3A%22%23aaa%22%7D%7D%7D%7D%7D&w=520&h=180&bkg=%230f1117&f=12)
Source: Freddie Mac PMMS & Optimal Blue via FRED. National averages — informational only.
|
|
Refinance Strategy
When refinancing makes sense for your situation
Refinancing isn't always the right move, but it can be powerful when the timing and numbers align. Some people refinance to lower their monthly payment, others to shorten their loan term or tap equity for a major project. The key is understanding what you're trying to accomplish and whether the costs involved will actually benefit you in the long run. I always recommend looking at your specific scenario—how long you plan to stay in the home, what rates look like today versus your current loan, and what fees would be involved. If you're curious whether refinancing could work for you, I'm happy to walk through the math with no pressure or obligation. Let me know if you'd like to explore whether refinancing fits your goals.
|
|
Tip of the Week
Inspect your attic insulation. Proper insulation reduces heating and cooling costs and can prevent ice dams on your roof.
|
|
Tips for Homeowners
Fall Home Prep: Heating, Safety & Systems
|
|
1.
|
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.
|
|
2.
|
Test smoke detectors and carbon monoxide detectors and replace batteries. Carbon monoxide poisoning risk rises when heating systems run more frequently.
|
|
3.
|
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.
|
|
Have questions about how any of this affects your mortgage or home purchase? We're here to help — reach out to the Brad Flores team any time and we'll walk you through your options.
|