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Mortgage Market Update
Brandy Feast
Brandy Feast
Wednesday, August 19, 2026
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Should you refinance? Let's find out |
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Hi there. This week I'm tackling a question I hear often: when does refinancing actually pay off?
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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 a one-size-fits-all move—it depends on your situation. Some people refinance to lower their monthly payment, others to shorten their loan term or tap into home equity for a major expense. The key is understanding what you're trying to accomplish and whether the costs involved make sense for your timeline. If you're thinking about refinancing, I'd want to walk through the real numbers with you: what you'd save, how long it takes to break even on closing costs, and whether keeping your current loan might actually be the smarter play. Every borrower's math is different. I'm happy to run a quick refinance analysis for you—just reach out when you're ready to talk through it.
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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 Brandy Feast team any time and we'll walk you through your options. |
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