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Mortgage Market Update
Brian Thompson
Brian Thompson
Wednesday, August 19, 2026
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Does refinancing make sense right now? |
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Hi there. Refinancing comes up a lot in conversations with homeowners, and I want to share what I actually look at when someone asks if they should do it.
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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 actually makes sense
Refinancing sounds appealing when rates drop or when you want to tap your home's equity, but the real question is whether it pencils out for your specific situation. The math depends on how long you plan to stay in your home, what you'll pay in closing costs, and how much your payment or interest savings will actually be. Sometimes a refinance saves you thousands over time. Sometimes it doesn't. That's why it's worth a real conversation before you apply — not to pressure you into anything, but to show you the actual numbers so you can decide with confidence. Let's run the numbers together and see if refinancing makes sense 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 Brian Thompson team any time and we'll walk you through your options. |
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