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Mortgage Market Update
Ryan Spencer
Ryan Spencer
Wednesday, August 19, 2026
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Should you refinance right now? |
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Hi there. This week I'm tackling a question I hear a lot: when does refinancing actually pay off?
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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 a refi makes sense (and when it doesn't)
Refinancing isn't always the right move, even when rates shift. The real question isn't whether rates are lower—it's whether the savings over time outweigh what you'll pay to refinance. Some people break even in a few years. Others take much longer. If you're planning to stay in your home for a while, a refi might pencil out nicely. But if you're thinking of selling soon, the math usually doesn't work in your favor. I can walk you through your specific situation and show you whether refinancing actually saves you money or just costs you upfront. There's no one-size-fits-all answer, which is exactly why it's worth a conversation. Let me run the numbers for your loan—no pressure, just clarity.
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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 Ryan Spencer team any time and we'll walk you through your options. |
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