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Mortgage Market Update
OHL
OHL
Wednesday, August 19, 2026
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Does refinancing make sense right now? |
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I get asked about refinancing all the time, and the answer is never one-size-fits-all. Let me break down when it might be worth considering.
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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 always the right move, but it's worth understanding when it could work in your favor. The main reasons people refinance are to lower their monthly payment, shorten their loan term, switch from an adjustable to a fixed rate, or tap into home equity for a large expense. The catch is that refinancing comes with closing costs, so you want to make sure the long-term savings justify those upfront expenses. That's where the math matters—and where I can help you run the numbers. If you've been thinking about it but weren't sure if the timing was right, let's talk through your specific situation. Reach out if you'd like to explore whether refinancing could work for your goals.
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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 OHL team any time and we'll walk you through your options. |
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