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Mortgage Market Update
Talwinder Hanjrah
Talwinder Hanjrah
Wednesday, August 19, 2026
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Should you refinance your mortgage? |
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Sometimes the smartest money move is looking at what you already have. This week, I'm breaking down when refinancing actually makes sense for your situation.
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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
I talk to homeowners all the time who wonder if they should refinance. The truth is, it's not one-size-fits-all—it depends on your situation, how long you plan to stay in your home, and what your goals are. Some people refinance to lower their monthly payment, others to shorten their loan term or tap equity for a big expense. The key is understanding what you're trying to accomplish and whether the move pencils out for you personally. If you've been curious about whether refinancing could work in your favor, I'm happy to walk through the numbers and help you see if it makes sense right now. Reach out if you'd like to explore whether refinancing is worth considering.
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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 Talwinder Hanjrah team any time and we'll walk you through your options. |
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