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Mortgage Market Update
Holly L
Holly L Bennett Clark
Wednesday, August 19, 2026
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Should you refinance right now? |
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Hi there,
This week I want to talk about one of the questions I hear most often: when does it actually make sense to refinance?
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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 it makes sense to refinance your mortgage
Refinancing isn't a one-size-fits-all move — it depends on your situation, how long you plan to stay in your home, and where rates are relative to your current loan. The math changes based on your timeline and goals, whether that's lowering your monthly payment, shortening your loan term, or tapping equity for a major expense. Some borrowers benefit quickly; others need more time for the savings to add up. That's why it's worth having a real conversation about your numbers before making a decision. If you've wondered whether refinancing could work for you, I'd be happy to walk through the details and help you figure out if the timing is right. Reach out anytime — no obligation, just honest talk about your options.
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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 Holly L team any time and we'll walk you through your options. |
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