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Mortgage Market Update
Chris Opfer
Christopher R Opfer
Wednesday, August 19, 2026
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Refinancing: worth it or not? |
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Hi there. A lot of homeowners wonder whether they should refinance, but the answer isn't always obvious. I want to help you figure out if it makes sense for you.
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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 does refinancing actually make sense?
Refinancing isn't always the right move, even when rates drop. The real question is whether the savings justify the cost and time involved. Sometimes a lower rate sounds great on paper but takes years to recover what you'll pay in closing costs. Other times—especially if your situation has changed—refinancing can free up monthly cash flow or shorten your loan term in a way that truly moves the needle. The right answer depends on your specific loan, timeline, and goals. I'm happy to walk through the numbers with you and show what refinancing would actually mean for your payment and total interest. Let's talk through whether refinancing fits your situation right now.
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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 Chris Opfer team any time and we'll walk you through your options. |
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