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Mortgage Market Update
sherry kerr
Sherry Kerr
Wednesday, August 19, 2026
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Should you refinance? Let's find out. |
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It's a question I hear often: is now a good time to refinance? The answer depends on your goals and your loan, so I wanted to break down what you should consider.
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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 Basics
When it makes sense to refinance your mortgage
Refinancing isn't for everyone, but it's worth understanding when it might work in your favor. The most common reason people refinance is to lower their monthly payment when rates drop, but there are other reasons too — pulling out cash for home improvements, switching from an adjustable to a fixed rate, or shortening your loan term to build equity faster. The trade-off is that refinancing involves closing costs and a new application process, so you'll want to make sure the benefit outweighs what you'll spend. I can walk you through whether it makes sense for your situation and what your real numbers would look like. Let's talk through your options — reach out and we can review what refinancing might do for you.
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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 sherry kerr team any time and we'll walk you through your options. |
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