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Mortgage Market Update
Mark Succarotte
The Succarotte Team
Wednesday, August 19, 2026
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Should you refinance? Let's find out. |
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Hi there,
Today I want to talk about one of the biggest decisions homeowners face — and one that doesn't have a one-size-fits-all answer.
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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 refinancing actually make sense?
Refinancing isn't always the right move, even when rates drop. The math depends on how long you plan to stay in your home, what you'll pay in closing costs, and whether a lower monthly payment is worth the reset. Some people benefit in months; others need years to break even. That's why it's worth running the actual numbers for your situation instead of guessing. If you've been curious whether refinancing could work for you, I can walk through the details and show you what it would really mean for your finances. Reach out if you'd like to explore whether refinancing makes sense for your loan.
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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 Mark Succarotte team any time and we'll walk you through your options. |
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