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Mortgage Market Update
Todd Libby
Todd Libby
Wednesday, August 19, 2026
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Does refinancing make sense right now? |
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I get asked about refinancing all the time, and the answer usually depends on your numbers, not just the headlines.
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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
Refinancing isn't always the right move, even when rates drop. The real question is whether the monthly savings and long-term benefit justify closing costs and resetting your loan term. Sometimes staying put is smarter than switching. I help borrowers run the actual numbers—not just chase rates—to see if a refinance pencils out for their specific situation. If you've been thinking about it, or wondering whether it's worth exploring, I'm happy to walk through what the math looks like for you. Reach out if you'd like to talk through whether refinancing could work in your favor.
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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 Todd Libby team any time and we'll walk you through your options. |
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