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Mortgage Market Update
Christina Maciejewski
Christina Maciejewski
Wednesday, August 19, 2026
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Should you refinance your mortgage? |
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Hi there. This week I want to talk about refinancing—what it really means and when it's worth considering.
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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 a one-size-fits-all move—it works best when your circumstances or the market align in a way that actually saves you money or improves your financial picture. Some homeowners refinance to lower their rate and monthly payment, while others extend their loan term to free up cash flow, switch from adjustable to fixed rates, or tap home equity for a major expense. The key is understanding your own goal first, then running the real numbers to see if the costs involved—application fees, appraisal, closing costs—make sense given your timeline and how long you plan to stay in the home. I'm happy to walk through whether refinancing might work for you right now. Reach out if you'd like to explore whether refinancing could benefit your situation.
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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 Christina Maciejewski team any time and we'll walk you through your options. |
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