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Mortgage Market Update
James Brian McFarlane
James Brian McFarlane
Wednesday, August 19, 2026
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Should you refinance? Here's how to tell. |
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Rates shift, life happens, and sometimes your current mortgage stops being the right fit. This week I want to help you figure out if now is the time to consider a new loan.
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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
Refinancing isn't one-size-fits-all, but there are a few clear reasons it might be worth exploring. A lower rate environment, a change in your financial situation, or the chance to shorten your loan term can all make refinancing pencil out. The key is weighing the costs—closing costs, appraisal, title work—against what you'd actually save over time. Sometimes the math works beautifully; sometimes you're better off staying put. That's why it's worth a conversation with someone who knows your loan inside and out. I can walk you through whether it makes sense for your specific situation, no pressure either way. Curious whether refinancing could work for you? Let's talk through the numbers.
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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 James Brian McFarlane team any time and we'll walk you through your options. |
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