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Mortgage Market Update
TJ Gray
TJ Gray
Wednesday, August 19, 2026
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Should you refinance right now? |
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Homeownership decisions don't always have a clear yes or no—they depend on your goals and timeline. This week, I'm walking you through one of the biggest decisions homeowners face: whether refinancing is the right move.
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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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Refinance Strategy
When it makes sense to refinance your mortgage
Refinancing isn't one-size-fits-all—it depends on your situation, how long you plan to stay in your home, and what rates are doing. Some people refinance to lower their monthly payment or shorten their loan term. Others use it to tap equity for a major expense. The key is understanding your break-even point: how long it takes for the savings to outweigh the cost of refinancing. If you're thinking about it, I'd rather you have real numbers in front of you than wonder "what if." That's where we come in. Let's talk about whether a refinance makes sense for your goals right now. Reach out if you'd like to explore whether refinancing could work 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 TJ Gray team any time and we'll walk you through your options. |
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