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Mortgage Market Update
Patrick Tahmazyan
Phast Funding
Wednesday, August 19, 2026
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Should you refinance? Let's do the math. |
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I've been fielding a lot of questions about refinancing lately, and I want to make sure you have clarity on when it's really worth it.
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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 does refinancing actually make sense?
A lot of homeowners ask me whether they should refinance, and honestly, there's no one-size-fits-all answer. The real question isn't whether rates dropped—it's whether the long-term benefit outweighs your closing costs and how long you plan to stay in your home. Sometimes a refinance pays for itself in just a few years. Other times, it takes longer than you'd expect. I always recommend we sit down and run the actual numbers for your situation: your current loan balance, how many years you've been paying, and your timeline. That way you're not guessing; you're deciding based on facts that matter to your wallet. Let's talk through whether refinancing makes sense for you 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 Patrick Tahmazyan team any time and we'll walk you through your options. |
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