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Mortgage Market Update
Trevor Sanders
Wednesday, August 19, 2026
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Does refinancing make sense for you? |
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Hi there. This week I want to talk about one of the questions I hear most: should I refinance my mortgage?
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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
Refinancing isn't always the right move—it depends on your situation. The main reasons people refinance are to lower their monthly payment, shorten their loan term, switch from adjustable to fixed rates, or tap into home equity for a large expense. But refinancing comes with closing costs and a new loan timeline, so it only pays off if you plan to stay in the home long enough to recoup those costs. I always tell clients: run the math first. If you're curious whether refinancing could work for you, I'm happy to walk through the numbers and show you what the real savings (or lack thereof) would look like. There's no obligation—just clarity. Give me a call or send a message if you'd like to explore whether refinancing fits your goals.
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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 Trevor Sanders team any time and we'll walk you through your options. |
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