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Mortgage Market Update
Craig Heitz
Craig Heitz
Wednesday, August 19, 2026
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Should you refinance? Let's look at your numbers |
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Hi there. This week I want to break down one of the questions I hear most often from homeowners—and help you figure out if it applies to you.
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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 101
When refinancing makes sense (and when it doesn't)
Refinancing isn't right for everyone, and timing matters more than you might think. The main reasons people refinance are to lower their monthly payment, shorten their loan term, or tap into equity for a major expense. But refinancing comes with closing costs and a new loan timeline, so the math has to work in your favor. A good rule of thumb: if you plan to stay in your home long enough to recoup those costs through savings, it's worth exploring. I'm happy to run the numbers with you—no obligation. It takes just a few minutes to see whether refinancing could actually put money back in your pocket, or whether you're better off holding steady with your current loan. If you're curious whether refinancing makes sense for your situation, let's talk through it.
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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 Craig Heitz team any time and we'll walk you through your options. |
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