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Mortgage Market Update
Angela Maw
Angela Maw
Wednesday, August 19, 2026
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Should you refinance right now? |
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Hi there — this week I'm breaking down one of the questions I hear most often from homeowners. It's a decision that deserves a straight answer.
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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 it makes sense to refinance your mortgage
Refinancing isn't always the right move, but there are times when it can genuinely help your financial picture. The most common reason people refinance is to lower their monthly payment or shorten their loan term when market conditions allow. But refinancing can also let you tap into your home's equity for a large expense, switch from an adjustable rate to a fixed one, or consolidate debt. The trade-off is that you're starting a new loan, which means closing costs and a reset on your timeline. That's why it's worth running the numbers with someone who knows your full situation. If you've been wondering whether refinancing could work for you, I'd love to walk through your options and see what actually makes sense. Let's talk through whether a refinance could help 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 Angela Maw team any time and we'll walk you through your options. |
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