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Mortgage Market Update
Troy Holm
Troy Holm
Wednesday, August 19, 2026
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Does refinancing make sense for your situation? |
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Refinancing gets a lot of buzz, but it's not one-size-fits-all. Let me walk you through how to know if it's worth your time and money.
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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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Refinance 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 key is looking at your whole picture: how long you plan to stay in the home, what your new payment and terms would be, and whether closing costs are worth the savings. Sometimes a rate drop of a quarter point isn't enough to justify the expense. Other times, switching to a shorter loan term or pulling out equity for a smart purpose can be a real win. I help borrowers run the real numbers so you know exactly what you'd save and over what timeframe. If you've been wondering whether now is your moment to refinance, let's talk through it together. Reach out if you'd like to explore whether refinancing could work for you.
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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 Troy Holm team any time and we'll walk you through your options. |
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