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Mortgage Market Update
Collin Johnson
Collin Johnson
Wednesday, August 19, 2026
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Does refinancing actually pencil out for you? |
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There's a lot of noise about refinancing, but the right decision depends on your own timeline and goals.
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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 shift. The real question is whether the long-term benefit outweighs what you'll pay upfront. A lower rate sounds great, but if you're staying in your home for just a couple more years, closing costs might eat up your savings. On the flip side, if you plan to stay put and rates have moved meaningfully in your favor, refinancing could lower your payment or shorten your loan term. The math is different for everyone. I can walk you through what makes sense for your specific situation—no pressure, just clarity. Let's talk through your numbers and see if refinancing fits your goals.
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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 Collin Johnson team any time and we'll walk you through your options. |
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