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Mortgage Market Update
Michael Medina
Michael Medina
Wednesday, August 19, 2026
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Should you refinance your mortgage? |
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Hi there. When the market shifts or life changes, homeowners often wonder if refinancing makes sense. This week I'm breaking down when it's worth considering and what to watch out for.
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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 it make sense to refinance?
Refinancing isn't right for everyone, but it's worth considering if your situation has changed. Maybe rates have moved in your favor, your credit score has improved, or you want to adjust your loan term. The key is weighing the costs of refinancing against how long you plan to stay in your home and what you'll actually save. I help borrowers run through these scenarios so they can see clearly whether a refinance pencils out for their goals. If you're curious whether it might work for you, I'm happy to walk through the numbers and answer your questions—no pressure, just clarity. Reach out if you'd like to explore whether refinancing could work for your situation.
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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 Michael Medina team any time and we'll walk you through your options. |
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