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Mortgage Market Update
Todd Sevier
Todd Sevier
Wednesday, August 19, 2026
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Does refinancing make sense for your home? |
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Hi there. This week I want to tackle a question I hear a lot: is it time to refinance?
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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 does a refi actually make sense?
Refinancing sounds great in theory—lower payments, less interest paid over time. But the real question is whether it pencils out for your situation. Every refi comes with closing costs and a new loan timeline, so you need to stay long enough in your home to recoup those upfront expenses. The math changes based on your current rate, how much you've paid down, and how long you plan to stay. That's why a quick conversation with me can clarify whether refinancing would actually put you ahead, or whether you're better off staying the course. I'm happy to run the numbers and show you what makes sense for your goals. Let's talk through whether a refi is right for you—no obligation.
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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 Todd Sevier team any time and we'll walk you through your options. |
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