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Mortgage Market Update
Megan Luksha
Megan Luksha
Wednesday, August 19, 2026
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Should you refinance? Here's how to tell |
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Hi there. I wanted to share some straight talk about refinancing—what it is, when it might help, and how to know if it's worth considering right now.
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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 just about chasing lower rates—though that's often what gets the conversation started. It can also help you shorten your loan term, switch from adjustable to fixed payments, tap equity for a major expense, or consolidate debt. The key is understanding your own situation: how long you plan to stay in your home, what your current rate and terms are, and what you're trying to accomplish. Sometimes the math favors a refi; sometimes it doesn't. That's why it's worth a conversation rather than a guess. If you've been thinking about refinancing but weren't sure where to start, I'm here to walk through the numbers with you and help you decide if it's the right move. Reach out if you'd like to explore whether refinancing makes sense 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 Megan Luksha team any time and we'll walk you through your options. |
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