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Mortgage Market Update
Ross Osten
Ross Osten
Wednesday, August 19, 2026
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Should you refinance right now? |
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Most homeowners wonder at some point whether refinancing makes sense for them. Here's how to think about it clearly.
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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 isn't always the right move, even when rates drop or your home gains value. The real question is whether the monthly savings or other benefits justify the costs and time involved in getting a new loan. Sometimes staying put is the smarter choice. I walk through this with clients regularly—we look at how long you plan to stay in the home, what you'd save month to month, and whether you're trying to pull out equity or simply lock in better terms. It's worth a conversation before you assume refinancing is your next step. If you're curious whether refinancing could help your situation, I'd be happy to walk through the numbers with 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 Ross Osten team any time and we'll walk you through your options. |
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