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Mortgage Market Update
Angie Keene
Angie Keene
Wednesday, August 19, 2026
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Should you refinance? Let's do the math |
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Not every rate move or loan offer is worth acting on. This week I want to walk through how to think clearly about refinancing so you can make a confident decision.
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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 does it make sense to refinance?
Refinancing isn't always the right move, even when rates shift. The real question is whether the long-term savings justify the cost and time involved in the process. Some borrowers benefit from lower rates or switching loan terms; others find the numbers don't quite work out. It depends on how long you plan to stay in your home, your current loan balance, and what you'd actually pay in closing costs. I always recommend we sit down and run the actual math together so you can see the real picture—not assumptions or guesses. That way you're making a decision based on your specific situation, not just market noise. Let's talk through whether refinancing makes sense for you 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 Angie Keene team any time and we'll walk you through your options. |
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