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Mortgage Market Update
Ryan Leahy
Ryan Leahy
Wednesday, August 19, 2026
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Refinancing isn't right for everyone |
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I help a lot of homeowners decide whether to refinance. Here's what I always tell them:
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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 101
When refinancing makes sense (and when it doesn't)
Refinancing isn't always the right move, even when rates look attractive. The math depends on how long you plan to stay in your home, what you'd pay in closing costs, and what rate you'd actually qualify for today. If you're thinking about it, I'd run the numbers with you—we look at your current loan, timeline, and goals to see if it pencils out. Sometimes a refi saves thousands over time. Sometimes it doesn't. Either way, you deserve a straight answer instead of just a sales pitch. Let's talk through whether refinancing fits your situation right now.
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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 Ryan Leahy team any time and we'll walk you through your options. |
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