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Mortgage Market Update
Loans By Brad
Loans By Brad
Wednesday, August 19, 2026
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Does refinancing make sense for you right now? |
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Hi there,
Not every rate move calls for a refinance. This week I want to share what actually matters when deciding.
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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 refinancing makes sense (and when it doesn't)
Refinancing isn't always the right move, even when rates drop. The real question is whether your monthly savings will outweigh closing costs and how long you plan to stay in your home. Some borrowers benefit immediately; others need to stay put for years to break even. It also depends on your current loan type, credit profile, and how much equity you've built. The best way to know if it makes sense for you is to run the numbers with someone who knows your situation—not just your rate, but your timeline and goals too. I'm happy to walk through a quick analysis whenever you're ready. Let's talk through whether refinancing could work 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 Loans By Brad team any time and we'll walk you through your options. |
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