Chad Revilla

10/01/2026

🔁 Should I refinance?
Refinancing might make sense if today’s rates are at least 0.5 to 0.75 of a percentage point lower than your current rate (and if you plan to stay in your home long enough to break even on closing costs).
With rates where they are right now, you could start considering a refi if your current rate is around 7.94% or higher — but there aren't too many folks for whom that's true.
Also consider your goals: Are you trying to lower your monthly payment, shorten your loan term or turn home equity into cash? For example, you might be more comfortable with paying a higher rate for a cash-out refinance than you would for a rate-and-term refinance, so long as the overall costs are lower than if you kept your original mortgage and added a HELOC or home equity loan.

» Time to refi?
🏡 Should I start shopping for a home?
There is no universal “right” time to start shopping — what matters is whether you can comfortably afford a mortgage now at today’s rates.
If the answer is yes, don’t get too hung up on whether you could be missing out on lower rates later; you can refinance down the road. Focus on getting preapproved, comparing lender offers, and understanding what monthly payment works for your budget.
If a new home isn’t in the cards right now, there are still things you can do to strengthen your buyer profile. Take this time to pay down existing debts and build your down payment savings. Not only will this free up more cash flow for a future mortgage payment, it can also get you a better interest rate when you’re ready to buy.

» Is now a good time to buy?
🔒 Should I lock my rate?
If you already have a quote you’re happy with, you should consider locking your mortgage rate, especially if your lender offers a float-down option. A float-down lets you take advantage of a better rate if the market drops during your lock period.
Rate locks protect you from increases while your loan is processed, and with the market forever bouncing around, that peace of mind can be worth it.

09/24/2026

A Mortgage News Daily Article has been shared with you.

07/28/2026

This amazing story about Exeter's 11U All-Stars, who just won the New England Regional Championship and are headed to the 2026 Cal Ripken World Series in Indiana! ⚾️ They’ve worked so hard, and this is a once-in-a-lifetime opportunity for them to represent New England on the national stage. If you’re able, please consider sharing or donating to help cover travel and stay costs so every player can participate and make these memories.

What a journey it has been! The Exeter Jr. Baseball & Sof… Exeter Junior Baseball League needs your support for Help Send Exeter's 11U All-Stars to the World Series!

07/03/2026

06/09/2026

Need a construction loan in NH or ME? Explore construction financing for your new home build with Kennebunk Savings. Check rates & apply today!

06/09/2026

Can’t find a house?

Might be worth considering buying land and building, a very popular option these days with lack of inventory!

Land loans with Kennebunk Savings allow you to purchase land now & build later. Find info on loans for land purchase in NH & ME, FAQ’s, related resources & more!

05/12/2026

U.S. pending home sales hit their highest level since September 2022 during the four weeks ending May 3. They rose 7.7% year over year on a seasonally adjusted basis.

Stay up to date on the latest housing market news and research about affordability, luxury housing, new construction homes, and more.

04/15/2026

Find out which generation is leading the housing market from NAR’s 2026 Home Buyers and Sellers Generational Trends report, which breaks down who’s buying and selling and the trends driving moves.

03/19/2026

The year-over-year decline suggests factors like economic uncertainty, affordability may “further tighten the market just as the buying season hits its stride.”