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Mortgage Market Update
Justin Stein
B.E. Home Finance
Wednesday, August 19, 2026
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Does refinancing make sense for you right now? |
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I talk to a lot of homeowners wondering whether they should refinance. The answer is almost always: it depends.
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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 does refinancing actually make sense?
Refinancing isn't always the right move, even when rates drop. The real question is whether your new loan will save you money over the time you plan to stay in your home. We look at your remaining loan balance, how long you'll own the house, and what fees come with a new loan. Sometimes refinancing makes financial sense; sometimes you're better off staying put. The only way to know is to run the actual numbers for your situation—not guesses, not what you hear online, but your specific circumstances. I'm happy to walk through the math with you and show you whether it pencils out. Let's sit down and see if refinancing works for 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 Justin Stein team any time and we'll walk you through your options. |
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