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Mortgage Market Update
Scott Campbell
Scott Campbell
Wednesday, August 19, 2026
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Should you refinance? Let's do the math |
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Homeownership brings plenty of decisions, and refinancing is one of the biggest. This week I want to walk through the real factors that matter when you're weighing whether to make a move.
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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 refinancing makes sense (and when it doesn't)
Not every rate drop is worth refinancing into a new loan. The math depends on how long you plan to stay in your home, what closing costs look like, and where rates are headed. Sometimes waiting a few weeks makes more sense than locking in today. Sometimes now is exactly the right moment. The only way to know is to run the numbers with your specific situation—your loan balance, remaining term, and timeline. If you've been thinking about it, I can help you see whether refinancing would actually put you ahead or just cost you money in fees. The answer might surprise you. Let's talk through whether refinancing works for your situation right now.
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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 Scott Campbell team any time and we'll walk you through your options. |
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