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Mortgage Market Update
Sadaf Sultan
Sadaf Sultan
Tuesday, September 15, 2026
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The real cost of refinancing (and when it pays off) |
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Every homeowner wonders about refinancing at some point. The trick is knowing which opportunities are actually worth pursuing—and which ones cost you more than they save.
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National Mortgage Rates · September 10, 2026
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Conventional 30-Year
6.76%
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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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Refinance Reality
When paying to refinance actually makes sense
Refinancing isn't free—there are costs involved, and they add up. But that doesn't mean it's never worth it. The real question is whether the monthly savings you'd get justify what you'd pay upfront. Sometimes they do, sometimes they don't, and the answer depends on your specific situation: how long you plan to stay in the home, how much your payment would drop, and what those closing costs actually are. I help clients run the real numbers so they know whether refinancing is a net win or a step backward. If you've been wondering whether it makes sense for you, I'd love to walk through the math together. Let's talk through whether refinancing could work in your favor.
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Tip of the Week
Gift funds from family can be used toward a down payment on most loan types — your lender will need a simple gift letter.
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Tips for Homeowners
VA Loans: Benefits Every Veteran Should Know
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1.
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VA loans require no down payment and no private mortgage insurance (PMI), making them one of the most powerful home-buying tools available to eligible veterans, active-duty service members, and surviving spouses.
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2.
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VA loans do require a funding fee (typically 1.25%–3.3% of the loan amount), which can be rolled into the loan. Veterans with a service-connected disability rating may be exempt from this fee.
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3.
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There's no VA loan limit for eligible borrowers with full entitlement — you can finance as much as a lender will approve. If you've had a prior VA loan, partial entitlement rules may apply.
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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 Sadaf Sultan team any time and we'll walk you through your options. |
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