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Mortgage Market Update
Chris Ristau
Chris Ristau
Wednesday, August 19, 2026
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Does refinancing make sense for your situation? |
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I know refinancing gets a lot of attention, but not every borrower should do it. This week, I want to help you think clearly about whether it's right for 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 Basics
When does refinancing actually make sense?
Refinancing isn't always the right move, even when rates drop. The real question isn't whether rates are lower — it's whether the monthly savings justify the costs and time involved in a new loan. Some borrowers break even in a few years; others never do. It depends on your loan balance, how long you plan to stay in your home, and what you'd pay upfront. I help borrowers run the actual numbers so you're not guessing. If you've been wondering whether now's the time, let's talk through your specific situation and see if the math works in your favor. Reach out and we can walk through whether refinancing 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 Chris Ristau team any time and we'll walk you through your options. |
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