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Mortgage Market Update
Michael Radcliffe
The Rad CRM
Wednesday, August 19, 2026
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Should you refinance right now? |
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Hi there—I wanted to share some thoughts on refinancing this week, because it's one of the most common questions I get.
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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 actually makes sense
A lot of people ask me whether they should refinance, and my answer is always: it depends. Refinancing isn't automatically the right move just because rates drop or your situation changes. The real question is whether the long-term benefit outweighs the cost and effort of the process. Sometimes staying put is smarter. I walk through this calculation with every client—looking at how long you plan to stay in your home, what your closing costs would be, and how much your payment or terms would actually improve. If you've been wondering whether it's worth exploring, I'm happy to run the numbers with you and give you a straight answer. 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 Michael Radcliffe team any time and we'll walk you through your options. |
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