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Mortgage Market Update
Chad Holsted
Chad Holsted
Wednesday, August 19, 2026
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Does refinancing make sense right now? |
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Hi there. With rate movements happening regularly, I get asked about refinancing a lot. Let me share what I look at before recommending it.
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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 shift. The math depends on how long you plan to stay in your home, what you'd pay in closing costs, and whether you're looking to lower your payment, shorten your loan term, or tap your equity. Some people break even in a couple of years; others need five or more. That's why it pays to run the numbers before you commit. I'm happy to walk through your specific situation and show you what a refi would actually cost and save you over time. No pressure—just clarity so you can make the choice that fits your goals. If you're curious whether refinancing could work for you, let's 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 Chad Holsted team any time and we'll walk you through your options. |
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