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Mortgage Market Update
Daniel Bellomy
Daniel Bellomy
Wednesday, August 19, 2026
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Does refinancing make sense for you? |
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Hi there. I wanted to touch on a question I hear often from homeowners thinking about their next move.
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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 actually makes sense
Refinancing isn't always the right move, even when rates shift. The real question is whether the monthly savings you'd gain outweigh the closing costs and the time you plan to stay in your home. If you're thinking about selling in a few years, refinancing might cost more than it saves. But if you're settling in long-term, the math can work strongly in your favor. I help borrowers run these numbers honestly—not to sell a loan, but to show you whether it pencils out for your situation. Every home and timeline is different, which is why a quick conversation beats guessing. Reach out if you'd like to talk through whether refinancing makes sense for you right now.
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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 Daniel Bellomy team any time and we'll walk you through your options. |
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