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Mortgage Market Update
Rita Rehana
Rita Rehana
Wednesday, August 19, 2026
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Should you refinance? Let's do the math |
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Refinancing comes up a lot in conversations, but it's not a one-size-fits-all decision. Here's what you need to think about.
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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?
A lot of homeowners think about refinancing when rates drop, but the math involves more than just the interest rate. You'll want to think about how long you plan to stay in your home, what your closing costs will be, and how much your monthly payment would actually change. Sometimes a lower rate saves you real money over time. Other times, the costs don't justify the move. The best way to know is to run the actual numbers for your specific situation—and that's where I come in. If you've been wondering whether refinancing could work for you, let's talk through it together. Reach out and I'll walk you through whether a refinance makes sense for your home and timeline.
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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 Rita Rehana team any time and we'll walk you through your options. |
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