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Mortgage Market Update
Veronica DeWitt
Barrett Financial
Wednesday, August 19, 2026
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When does refinancing actually make sense? |
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Hi there — this week I want to address a question I hear a lot: at what point should you refinance your 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 Strategy
When a rate drop might be worth your time
Not every rate movement calls for a refinance. Sometimes the savings don't justify the closing costs and time involved. But when rates do shift meaningfully in your favor, it's worth a conversation. The math depends on how long you plan to stay in your home, your current loan balance, and what you'd pay to refinance. I help borrowers run those numbers so you can decide with confidence, not guesswork. If you've been on the fence about whether refinancing makes sense for your situation, now is a good time to check in. Let's talk through your options.
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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 Veronica DeWitt team any time and we'll walk you through your options. |
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5750 Sunrise Blvd Ste 130 ECitrus Heights, CA 95610
5103968994 | www.dewitthomeloans.com
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