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Mortgage Market Update
Krunal Shah
Krunal Shah
Wednesday, August 19, 2026
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Should you refinance? Let's find out. |
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Hi there, I get asked this question a lot, and it deserves a real answer, not a sales pitch. Here's what actually matters when you're thinking about refinancing.
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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 Strategy
When does refinancing actually make sense?
A lot of homeowners wonder if they should refinance, and the answer really depends on your situation. If rates drop significantly from what you locked in, or if your credit has improved since you bought, refinancing might lower your payment or shorten your loan term. But refinancing isn't free—there are closing costs involved, and it takes time. The key is figuring out whether the savings add up before you break even on those costs. That's where a straight conversation helps. I can run the numbers for your specific loan and show you whether refinancing pencils out for your goals. Let's talk through whether a refinance makes sense for you 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 Krunal Shah team any time and we'll walk you through your options. |
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