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Mortgage Market Update
Barrett Financial
Barrett Financial
Wednesday, August 19, 2026
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Should you refinance? Here's how to tell. |
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Rates move, and when they do, homeowners naturally wonder if it's time to refinance. But rate movement alone isn't the full story.
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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 refinancing makes sense (and when it doesn't)
Refinancing isn't always the right move, even when rates shift. The key is whether your savings over time outweigh the costs and effort of a new loan. It usually makes sense if you plan to stay in your home long enough to recoup those upfront expenses, and if the new loan terms genuinely improve your situation—whether that's a lower rate, a shorter payoff timeline, or access to cash you need. But if you're thinking about selling soon, or if your credit has changed since you bought, it might not pencil out. The best way to know is to run the real numbers with someone who knows your full picture. I'm here to walk through the math and help you decide what's actually worth doing. If you're wondering whether refinancing could work for you, let's talk through your specific 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 Barrett Financial team any time and we'll walk you through your options. |
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