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Mortgage Market Update
Michele de Vahle
Michele de Vahle
Wednesday, August 19, 2026
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Does refinancing make sense right now? |
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I get a lot of questions about whether homeowners should refinance, and the answer usually depends on a few specific facts about your loan and plans.
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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
A lot of homeowners think about refinancing when rates drop, but timing isn't quite that simple. The real question is whether the monthly savings outweigh the costs of refinancing — and how long you plan to stay in your home. I've worked with plenty of borrowers who ran the numbers and found it made sense, and others who realized it didn't yet. Your specific situation matters: your current loan balance, how many years you've already paid, how long you're staying put. We can walk through what a refinance would actually cost you and what your new payment might look like, so you're not guessing. If you've been wondering whether now is the right time, let's talk through the details together. Reach out if you'd like to explore whether refinancing works for your 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 Michele de Vahle team any time and we'll walk you through your options. |
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