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Mortgage Market Update
Lenni Oh
Lenni Oh
Wednesday, August 19, 2026
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Should you refinance? Let's do the math |
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There's a lot of noise around refinancing, but the real answer depends on your individual timeline and goals. This week I want to walk you through how to think about it clearly.
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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 refinancing actually make sense?
Refinancing isn't always the right move, even when rates drop. The real question is whether the monthly savings justify the closing costs and the time to break even. If you're planning to stay in your home long enough to recoup those upfront expenses, a refinance could put real money back in your pocket. But if you might move or sell within a few years, the math gets trickier. I help borrowers run these numbers honestly—no pressure, just clarity. If you've been wondering whether now is your moment to refinance, or if you're curious how your current loan stacks up, let's talk through it together. Reach out and we can review whether refinancing makes sense for your situation.
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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 Lenni Oh team any time and we'll walk you through your options. |
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