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Mortgage Market Update
Michael Barnhart
Michael Barnhart
Wednesday, August 19, 2026
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Does refinancing pencil out for you? |
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Hi there. This week I want to touch on a question that comes up a lot: when is refinancing actually worth doing?
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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 refinancing actually makes sense
Not every rate drop is a reason to refinance. I talk to homeowners all the time who wonder if they should pull the trigger, and the honest answer depends on a few things: how long you plan to stay in your home, what your current rate and loan balance are, and the costs involved in refinancing. Sometimes a lower rate saves you money over time. Sometimes you'd pay more in fees than you'd recover. The right move is different for everyone, which is why I always recommend we sit down and run the numbers on your specific situation before you decide. Let's look at whether refinancing makes sense for you—reach out and we can talk through it.
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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 Michael Barnhart team any time and we'll walk you through your options. |
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