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Mortgage Market Update
Derrick Bridgett
Derrick Bridgett
Wednesday, August 19, 2026
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Should you refinance right now? |
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Hi there,
Sometimes the smartest financial move is doing nothing at all. Let's talk about when that's true—and when it isn't.
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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 does refinancing actually make sense?
Refinancing isn't always the right move, even when rates drop or your situation changes. The real question isn't whether you *can* refinance—it's whether the benefits outweigh the costs and how long you plan to stay in your home. Sometimes a lower rate saves money; sometimes the closing costs take years to recoup. I help borrowers run the actual numbers instead of chasing what sounds good on paper. If you've been wondering whether now is your moment, let's talk through your specific timeline and goals. There's no one-size-fits-all answer, but there is a right answer for you. Reach out and we can walk through whether refinancing makes sense for your situation.
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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 Derrick Bridgett team any time and we'll walk you through your options. |
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