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Mortgage Market Update
Pete Ruberti
Pete Ruberti
Wednesday, August 19, 2026
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Should you refinance? It depends. |
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Hi there. This week I want to tackle a question I hear often: when is the right time to refinance? The answer might surprise 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 refinancing makes sense for your situation
Refinancing isn't a one-size-fits-all move, and it's not always the right call. The real question isn't whether rates dropped—it's whether a new loan solves a problem you actually have. Maybe you want to shorten your loan term, switch from adjustable to fixed, tap equity for a major expense, or lower your monthly payment. Each reason has different math behind it. I work through these scenarios with borrowers all the time, and what works for your neighbor might not work for you. If you've been wondering whether refinancing could improve your situation, I'd love to walk through the numbers with you and see what makes sense. Let's talk about whether refinancing fits your goals 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 Pete Ruberti team any time and we'll walk you through your options. |
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