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Mortgage Market Update
Karen Cely Chavez
Karen Cely Chavez
Wednesday, August 19, 2026
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Does refinancing make sense right now? |
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A lot of homeowners ask me whether they should refinance. The answer depends on your specific situation—not just the rates, but your goals and timeline too.
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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 refi makes sense (and when it doesn't)
Refinancing isn't always the right move, even when rates shift. The real question is whether the monthly savings justify the closing costs and the time to break even. Some people refinance to lower their rate, others to tap equity or change their loan term. I always recommend running the numbers first—how long you plan to stay in the home matters a lot. If you're thinking about it, I'm happy to walk through what a refi would actually look like for your situation. No obligation, just honest math. If you'd like to explore whether refinancing makes sense for you, let's talk.
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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 Karen Cely Chavez team any time and we'll walk you through your options. |
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