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Mortgage Market Update
Matthew Bramow
Matthew Bramow
Wednesday, August 19, 2026
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Does refinancing work for your situation? |
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Not every rate move triggers a refinance conversation—and that's okay. This week I want to cover the real factors that make refinancing worth your time.
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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 (and when it doesn't)
Refinancing isn't always the right move, even when rates drop. The real question is whether the long-term savings justify the upfront costs and the reset of your loan timeline. I see borrowers get excited about a lower rate, then realize they'd be extending their payoff date or paying closing costs they won't recoup before they sell. The math matters. Sometimes staying put is the smarter choice. Other times, refinancing can meaningfully reduce what you'll pay over the life of your loan. The key is running the numbers for your specific situation—not just comparing rates, but understanding the full picture. I'm here to walk through that with you and help you decide what actually works for your goals. Let's talk through whether refinancing 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 Matthew Bramow team any time and we'll walk you through your options. |
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