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Mortgage Market Update
Dave Medina
The Alevate Group/CMG Home Loans
Wednesday, August 19, 2026
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Does refinancing make sense right now? |
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Not every opportunity to refinance is worth taking. This week, I'm walking you through how to know if it's the right call 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 Strategy
When refinancing makes sense (and when it doesn't)
Refinancing isn't always the right move, even when rates drop or your financial picture improves. The real question isn't whether you can refinance—it's whether you should. I look at things like how long you plan to stay in the home, what closing costs will run, and how much your payment would actually shift. Sometimes staying put makes more financial sense than paying to start over. Other times, refinancing can free up cash flow or cut years off your loan. The math is different for everyone, and that's why it's worth a real conversation instead of guesswork. If you've been wondering whether a refinance pencils out for your situation, let's walk through the numbers together.
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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 Dave Medina team any time and we'll walk you through your options. |
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28780 Single Oak Drive, Suite 250, Temecula, Ca 92590
951-858-4761 | https://www.cmgfi.com/team/Alevate-Group
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