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Mortgage Market Update
Eddie Gamez
Edge Home Finance LLC
Wednesday, August 19, 2026
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Does refinancing pencil out for you? |
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I've had a lot of homeowners asking lately whether now is a good time to refinance. The answer really depends on your 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 Basics
When refinancing makes sense (and when it doesn't)
Refinancing isn't always the right move, even when rates look attractive. The main thing to consider is whether the savings you'd get over time outweigh the costs of refinancing—closing costs, appraisal fees, and the time it takes to process. If you're planning to stay in your home long enough to recoup those costs through lower payments, it can be a smart financial step. But if you're thinking of moving in a few years, refinancing might work against you. The best way to know if it makes sense for your situation is to look at your specific numbers. I'm happy to walk through the math with you and show you what different scenarios look like so you can make the decision with confidence.
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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 Eddie Gamez team any time and we'll walk you through your options. |
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915-706-0950
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