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Mortgage Market Update
Jonathan Lee
Jonathan Lee
Wednesday, August 19, 2026
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Does refinancing make sense right now? |
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Not every homeowner needs to refinance, but for some, it's a smart financial move. This week, I'm breaking down when it actually pays off.
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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 for your situation
Refinancing isn't one-size-fits-all, and it's not always the right move. The real question is whether a new loan serves your specific goals—whether that's lowering your monthly payment, shortening your loan term, tapping equity for a major expense, or getting out of an adjustable rate. The math depends on how long you plan to stay in your home, what you'd pay in closing costs, and where rates sit relative to your current loan. I've seen borrowers save thousands by refinancing, and I've also steered people away from it when the numbers didn't work. That's why it's worth a conversation: I can run the numbers on your exact situation and show you whether a refi would actually move the needle for you. Curious if refinancing could work for you? Let's talk through the details.
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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 Jonathan Lee team any time and we'll walk you through your options. |
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