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Mortgage Market Update
Cheyene DeWeese
Cheyene DeWeese
Wednesday, August 19, 2026
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Should you refinance? Here's what to consider |
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Hi there. This week I want to address a question I hear often: is refinancing right for me?
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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 it makes sense to refinance your mortgage
A lot of homeowners wonder whether refinancing is worth the effort and cost. The answer depends on your situation — how long you plan to stay in your home, what your current rate looks like compared to where rates are now, and how much you'd pay in closing costs. Sometimes refinancing saves you real money over time. Other times, you're better off staying put. I always recommend running the numbers before deciding, and I'm happy to walk you through what refinancing would look like for you specifically. There's no obligation — it's just about knowing your options. Let's talk through whether refinancing makes sense in your case.
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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 Cheyene DeWeese team any time and we'll walk you through your options. |
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