Mortgage Market Update

Dekoven Wesley

Wednesday, August 19, 2026

Should you refinance? Here's how to tell.

Hello, One of the most common questions I get is whether now is a good time to refinance. Let me break down what actually matters when you're thinking about it.

National Mortgage Rates · August 13, 2026

30-Year Fixed

6.67%

VA 30-Year

6.33%

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.

Refinancing Basics

When refinancing makes sense (and when it doesn't)

I talk to a lot of homeowners who wonder if refinancing is worth it. The truth is, it depends on your situation. Refinancing can lower your monthly payment, shorten your loan term, or help you tap equity for a major expense. But it also comes with closing costs and a new loan timeline, so it's not automatic.

The key question isn't "Are rates better?" — it's "Will the savings justify what I'm paying to refinance?" That math is different for everyone. Some people break even in months; others take years. I can walk you through your specific numbers so you know what refinancing would actually mean for your wallet and your timeline.

Curious whether refinancing could work for you? Let's talk it through.

Tip of the Week

Inspect your attic insulation. Proper insulation reduces heating and cooling costs and can prevent ice dams on your roof.

Tips for Homeowners

Fall Home Prep: Heating, Safety & Systems

1.	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.

2.	Test smoke detectors and carbon monoxide detectors and replace batteries. Carbon monoxide poisoning risk rises when heating systems run more frequently.

3.	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.

Have questions about how any of this affects your mortgage or home purchase? We're here to help — reach out to the Dekoven Wesley team any time and we'll walk you through your options.

Your Mortgage Advisor

Dekoven Wesley

dwesley@tthemortgagemindsgroup.com

You are receiving this from Dekoven Wesley. Unsubscribe