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Mortgage Market Update
Derek Niday
The Niday Lending Team
Wednesday, August 19, 2026
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Should you consider refinancing your home? |
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Hi there. Each week I share practical guidance on mortgages and homeownership—things I see help real borrowers make smarter decisions.
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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 for your situation
Refinancing isn't one-size-fits-all, and it's not always the right move—even when rates look attractive. The real question is whether the monthly savings (or better terms) justify the costs and time involved in the process. Some borrowers benefit from a shorter loan term; others need to lower their payment. A few are simply in a better financial position than when they first borrowed. If you've been thinking about your loan and wondering whether now is the time to make a change, I'd like to walk through your specific numbers with you. There's no obligation, and it usually takes just a conversation to know if refinancing could actually work in your favor. If you'd like to explore whether refinancing could benefit you, let's talk.
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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 Derek Niday team any time and we'll walk you through your options. |
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