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Mortgage Market Update
Jacquie Saldana
Jacquie Saldana
Wednesday, August 19, 2026
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Does refinancing actually pencil out for you? |
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Not every rate drop is a reason to refinance. This week, I want to help you figure out if one actually is.
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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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Refinance Strategy
When a rate drop is worth the paperwork
Refinancing isn't automatic—even when rates fall. The real question is whether your new rate will save you enough to cover closing costs and make the move worth your time. Everyone's break-even point is different, depending on how long you plan to stay in your home, what you currently owe, and the size of the rate improvement. Some people benefit in months. Others find the payoff takes years. I can walk you through the actual math for your specific loan so you know whether refinancing makes sense right now, or whether it's smarter to sit tight. There's no one-size-fits-all answer—just the answer that fits your situation. If you've been wondering whether a refi makes sense for you, let's run the numbers together.
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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 Jacquie Saldana team any time and we'll walk you through your options. |
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