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Mortgage Market Update
Tyler Bottermuller
Tyler Bottermuller
Wednesday, August 19, 2026
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Should you refinance? Let's do the math |
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Not every mortgage situation calls for the same solution. This week, I want to walk you through when refinancing can help—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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Refinancing Strategy
When refinancing makes sense (and when it doesn't)
Refinancing isn't always the right move, even when rates drop. The math depends on your loan balance, how long you plan to stay in your home, and what you'd pay in closing costs. Sometimes a refinance saves you thousands over time. Other times, you're better off staying put. The key is running the real numbers—not just looking at a rate quote. I help borrowers work through this question all the time, and the answer is always personal. If you've been wondering whether refinancing could work for you, let's talk through your specific situation. I can show you what the numbers actually look like. Reach out, and we'll run a quick analysis to see if refinancing makes sense 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 Tyler Bottermuller team any time and we'll walk you through your options. |
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