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Mortgage Market Update
Markiesia Scott
Markiesia Scott
Wednesday, August 19, 2026
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Does refinancing actually pay off for you? |
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Sometimes the smartest financial move is doing nothing. This week, I want to talk about when refinancing works and when it's just spinning your wheels.
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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 refinancing makes sense—and when it doesn't
Refinancing isn't always the right move, even when rates look attractive. The real question is whether the long-term benefit outweighs what you'll pay upfront in closing costs and fees. If you're planning to stay in your home for several more years, the math often works. But if you're thinking of moving or selling in the near term, you might break even late or never recoup what you spent to refinance. It also depends on your current rate, how much you owe, and your timeline. I'd rather give you an honest assessment than push a refinance that doesn't serve you. Let's talk through your specific situation and run the numbers together. Reach out if you'd like me to walk through whether refinancing makes sense for your loan.
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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 Markiesia Scott team any time and we'll walk you through your options. |
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