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Mortgage Market Update
Nick Peterson
Wednesday, August 19, 2026
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Refinancing math: is it right for you? |
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Hi there. This week I want to tackle a question I hear a lot: when should someone actually refinance?
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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?
Refinancing isn't always the right move, even when rates drop. The math depends on how long you plan to stay in your home, what your current rate is, and what closing costs would be. Sometimes a small rate improvement takes years to recoup through savings. Other times, the numbers work in your favor quickly. I help clients run the actual timeline so you can see whether refinancing makes financial sense for your specific situation. It's worth a conversation if you're wondering whether the timing is right. I'm here to walk through the numbers with you—no pressure, just clarity. Let's talk through whether a refinance pencils out 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 Nick Peterson team any time and we'll walk you through your options. |
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