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Mortgage Market Update
Matthew Chauncey
Matthew Chauncey
Wednesday, August 19, 2026
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Should you refinance your mortgage? |
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Every homeowner's situation is different, and what made sense five years ago might look different today. That's why I want to share some straightforward thoughts on refinancing this week.
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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 for your situation
Refinancing isn't right for everyone, but it can be worth exploring if your goals or circumstances have changed. Some people refinance to lower their monthly payment, others to shorten their loan term or tap into home equity for a major expense. The math depends on how long you plan to stay in your home, what you owe now, and where rates are heading. I always recommend running the numbers before deciding—sometimes a small change in rate or term can add up to real savings over time. If you're curious whether refinancing could work for you, I'd be happy to walk through your options without any pressure. Give me a call or send a message, and we can talk through whether refinancing fits your plan.
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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 Matthew Chauncey team any time and we'll walk you through your options. |
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