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Mortgage Market Update
Kaelan Cheatham
Kaelan Cheatham
Wednesday, August 19, 2026
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Does refinancing make sense right now? |
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Interest rates move, and so do people's circumstances. This week, let's look at when refinancing is actually 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 Basics
When refinancing actually makes sense
Refinancing isn't always the right move, even when rates shift. The real question is whether the monthly savings or other benefits justify the closing costs and time involved. Some borrowers benefit from a shorter loan term, others from lowering their payment, and some from switching loan types. What matters is your specific situation: how long you plan to stay, your current rate and term, and what you're trying to accomplish. If you've wondered whether it's worth exploring, I'm happy to walk through the numbers with you and show what your options actually look like. Let's talk through whether refinancing makes sense for your home and financial goals.
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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 Kaelan Cheatham team any time and we'll walk you through your options. |
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