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Mortgage Market Update
Matthew Ridley
Matthew Ridley
Wednesday, August 19, 2026
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Should you refinance? A quick answer |
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There's a lot of noise out there about refinancing. This week I want to cut through it and help you think clearly about whether it's right for your situation.
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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 or your situation changes. The real question is whether the benefit outweighs the cost and time. If you're thinking about refinancing to lower your payment, shorten your loan term, or tap your home's equity, it helps to run the numbers with someone who knows your specific loan and goals. I've seen homeowners save thousands by refinancing at the right time, and I've also steered people away from it when it wouldn't pencil out. The difference is doing the math upfront instead of chasing a feeling. If you've been wondering whether it's worth exploring, I'm happy to walk through your options with no pressure or obligation. Reach out and we can look at 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 Matthew Ridley team any time and we'll walk you through your options. |
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Your Mortgage Advisor
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Matthew Ridley
Matthew Ridley
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