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Mortgage Market Update
Bill Szlinis
Bill Szlinis
Wednesday, August 19, 2026
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Does refinancing make sense right now? |
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Hi there. Sometimes the smartest move is knowing when *not* to refinance. Let me explain what actually moves the needle.
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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 drop. The real question is whether the savings will outweigh your closing costs and the time you plan to stay in your home. Some borrowers benefit right away; others need to hold the loan for a few years to break even. It depends on your specific situation—your current rate, loan balance, how long you're staying put, and what programs you qualify for. That's why it's worth a real conversation instead of just assuming refinancing is automatic. I'm happy to walk through the math with you and show what the numbers actually look like for your loan. Reach out if you'd like me to run a quick refinance analysis for your home.
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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 Bill Szlinis team any time and we'll walk you through your options. |
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