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Mortgage Market Update
Melanie Camargo
Melanie Camargo
Wednesday, August 19, 2026
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Should you refinance? Here's how to know |
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Hi there,
One of the most common questions I get is whether now is a good time to refinance. The answer isn't always obvious.
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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. The real question is whether the long-term benefit outweighs what you'll pay upfront. Sometimes a lower rate saves you thousands over time. Other times, you're better off staying put. It depends on your timeline, how long you plan to stay in your home, and the specific terms of what's available to you right now. I've seen borrowers refinance too often and come out behind, and I've also seen people miss genuine opportunities to improve their financial position. If you're wondering whether it makes sense for your situation, I'd be happy to walk through the math with you — no obligation, just clarity. Let's talk about whether a refinance 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 Melanie Camargo team any time and we'll walk you through your options. |
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