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Mortgage Market Update
Nicholas Dolen
Nicholas Dolen
Wednesday, August 19, 2026
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Should you refinance right now? |
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Sometimes homeowners ask me whether they should refinance, and the answer isn't always yes — even when rates move. This week, I want to share how to think about that decision clearly.
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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 a rate drop is worth the effort
Not every rate movement calls for a refinance. Refinancing means closing costs, a new application process, and time — so it only makes sense when the math works in your favor. Generally, you'll want to see meaningful enough rate savings that they'll recover those costs within your timeline for staying in the home. If you're planning to move in a few years, even a decent rate drop might not pencil out. But if you're settled long-term and rates have shifted noticeably, it could be worth exploring. I'm happy to run the numbers with you and show what a refinance could actually save — no obligation, just clarity. Let's talk through whether refinancing makes sense for your situation.
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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 Nicholas Dolen team any time and we'll walk you through your options. |
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