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Mortgage Market Update
Justin Oliver
Justin Oliver
Wednesday, August 19, 2026
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Does refinancing make sense right now? |
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I get asked about refinancing often, and it's a smart question to ask. But jumping in without a clear plan can cost you more than staying put.
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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 a refi makes sense (and when it doesn't)
Refinancing isn't always the right move, even when rates shift or your home value climbs. The real question is whether the benefit outweighs the cost and time. A refinance can lower your monthly payment, shorten your loan term, or switch from an adjustable to a fixed rate—but it also involves closing costs and a new application process. The math only works in your favor if you plan to stay in the home long enough to recoup those costs through savings. I always recommend running the numbers before you decide. Every situation is different, and what works for your neighbor might not work for you. Reach out if you'd like to talk through whether refinancing makes sense for your specific 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 Justin Oliver team any time and we'll walk you through your options. |
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