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Mortgage Market Update
Kurt Kessler
Kurt Kessler
Wednesday, August 19, 2026
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Refinancing: worth it for you? |
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Hi there. This week I want to tackle a question I hear often: should I refinance? The answer depends on your specific circumstances, not just what rates are doing.
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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 Strategy
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 isn't whether you can refinance—it's whether the benefit outweighs the costs and how long you plan to stay in your home. Some borrowers see lower monthly payments or escape an adjustable rate. Others are better off staying put. That's why I always recommend running the numbers first: How much will refinancing cost? How much will you save each month? How many months until you break even? Once you know those answers, the decision becomes clear. If you've been wondering whether now is the right time, I'd like to help you work through it—no pressure, just clarity. Let's talk through whether refinancing makes sense for your situation.
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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 Kurt Kessler team any time and we'll walk you through your options. |
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