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Mortgage Market Update
Omar Navarro
Omar Navarro
Wednesday, August 19, 2026
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Should you refinance? (probably worth a call) |
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It's easy to assume lower rates always mean you should refinance. But the real answer is more nuanced than that—and it depends on your goals.
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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?
I talk to homeowners all the time who wonder if they should refinance. The answer really depends on your situation—where rates are relative to your current loan, how long you plan to stay in the home, and what refinancing costs. Sometimes it's a smart money move; sometimes it's better to keep what you have. The key is doing the math on your specific circumstances rather than just chasing a rate drop. If you're curious whether refinancing could work for you, I'd be happy to walk through the numbers and show you what to expect. Let's talk about whether refinancing makes sense for your home 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 Omar Navarro team any time and we'll walk you through your options. |
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