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Mortgage Market Update
Travis Buis
Travis Buis
Wednesday, August 19, 2026
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Does your rate drop justify refinancing? |
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Hi there. This week I want to tackle a question I hear often: when is a lower rate actually worth acting on?
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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 Strategy
When a rate drop is worth refinancing
Not every rate movement means you should refinance. There's a real cost to closing a new loan—fees, appraisals, title work, and time. The question isn't whether rates went down; it's whether they went down enough to offset those costs over the time you plan to stay in your home. I help borrowers run the real numbers on this. Sometimes a half-point drop makes sense. Sometimes you need a full point to break even. It depends on your situation, your timeline, and what you owe. If you've been curious about whether refinancing pencils out for you right now, let's talk through it together. There's no obligation—just a clear picture of whether it actually saves you money. Reach out and we can calculate whether refinancing makes sense for your specific loan.
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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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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 Travis Buis team any time and we'll walk you through your options. |
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