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Mortgage Market Update
Anita Conrad
Anita Conrad
Wednesday, August 19, 2026
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Should you refinance your mortgage right now? |
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I get asked about refinancing a lot, and for good reason — it can be a smart financial move. But it's not always the right one.
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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 makes sense (and when it doesn't)
Refinancing isn't always the right move, even when rates look attractive. The real question is whether the monthly savings will outweigh the closing costs and the time you plan to stay in your home. If you're thinking about moving in a few years, refinancing might cost you more than it saves. But if you're settling in for the long haul, a lower rate could put meaningful money back in your pocket over time. The math is different for everyone, which is why it's worth running the numbers with someone who knows your specific situation. I'm happy to walk through what refinancing would actually look like for you — no pressure, just clarity. Let's talk through whether refinancing makes sense 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 Anita Conrad team any time and we'll walk you through your options. |
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