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Wednesday, August 19, 2026 |
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Mortgage Market Update
Should you refinance? (probably not yet)
Hi there. Some weeks the question isn't whether you can refinance—it's whether you should. Let me walk you through how to think about it.
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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 refinancing makes sense (and when it doesn't)
Refinancing isn't always the right move, even when rates look attractive. The real question is whether the long-term benefit outweighs the cost to refinance your loan. If you're planning to stay in your home for several more years, it might pencil out. But if you're thinking of selling or moving in the near term, the math usually doesn't work in your favor. I help borrowers run these numbers honestly—no pressure, just clarity. It's worth having a conversation about your specific situation, timeline, and goals before making a decision. Let's talk through whether refinancing makes sense for you right now.
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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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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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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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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 Jon Puente team any time and we'll walk you through your options.
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5860 Baker Road, Minnetonka, MN, 55345
269-599-3395
Jon Puente · Unsubscribe
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