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Mortgage Market Update
Paige Lott
Paige Lott
Wednesday, August 19, 2026
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Does refinancing actually make sense right now? |
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Refinancing gets talked about a lot, but not every homeowner should do it. This week I want to break down how to tell if it's worth your time and money.
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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 makes sense (and when it doesn't)
Refinancing isn't always the right move, even when rates shift. The real question is whether the cost to refinance—closing costs, appraisal, title work—will pay for itself through lower monthly payments or a shorter loan term before you sell or move. Sometimes staying put with your current loan is the smarter choice. Other times, refinancing can free up cash flow or help you build equity faster. The math depends entirely on your situation: how long you plan to stay, what you owe, and where rates are relative to your current loan. I'm happy to run the numbers with you and show you whether a refinance pencils out for your goals. Reach out anytime if you'd like me to analyze whether 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 Paige Lott team any time and we'll walk you through your options. |
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