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Mortgage Market Update
Chris Ristau
E3 Home Loans
Wednesday, August 19, 2026
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Does refinancing actually pay off for you? |
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Hi there—this week I want to tackle a question I hear often: when should you actually refinance? It's not always obvious from the outside looking in.
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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 a refi makes sense (and when it doesn't)
Refinancing isn't always the right move, even when rates look attractive. The real math comes down to how long you plan to stay in your home, what you'll pay in closing costs, and how much your payment would actually drop. Some people break even in a few months; others never do. It's worth sitting down and running the numbers based on your specific situation—your current loan, the new rate environment, and your timeline. If you've been thinking about refinancing but weren't sure whether it pencils out, I'd be happy to walk through it with you. 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 Chris Ristau team any time and we'll walk you through your options. |
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