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Mortgage Market Update
Ben Yost
Ben Yost
Wednesday, August 19, 2026
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Should you refinance? Here's how to tell |
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Hi there — I want to share something that comes up a lot in conversations with homeowners. If you've been thinking about your mortgage and wondering whether a refinance might help, this one's 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 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, or switch from an adjustable rate to a fixed one. The catch is that refinancing comes with costs and takes time, so you want to make sure the benefit outweighs what you'll pay to do it. A lot depends on how long you plan to stay in your home and what rates look like compared to your current loan. I'm happy to walk through the numbers with you — there's no obligation, and it's really the only way to know if refinancing makes sense for your situation right now. Let's talk about 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 Ben Yost team any time and we'll walk you through your options. |
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