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Mortgage Market Update
My Mortgage Company
Todd Holman
Thursday, September 3, 2026
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Does refinancing make sense right now? |
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I get questions about refinancing all the time—and for good reason. With so many options out there, it's worth knowing when a refinance actually pencils out for your goals.
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National Mortgage Rates · August 27, 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 refinancing actually makes sense
Refinancing isn't always the right move—even when rates drop or your situation changes. The real question is whether the benefits (lower payment, shorter loan term, better rates) justify the closing costs and time involved. Sometimes staying put is smarter. That's why I recommend running the numbers before you decide. Every situation is different, and what works for one homeowner might not work for another. I'm here to walk through the math with you, no pressure either way. If you'd like to explore whether refinancing could help your situation, I'm happy to take a look at your loan and run some scenarios.
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Tip of the Week
Schedule a plumber to inspect older homes for slow leaks — water damage is expensive and often hidden until it's serious.
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Tips for Homeowners
Jumbo Loans: What They Are and How They Work
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1.
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A jumbo loan exceeds the conforming loan limit set by the FHFA — $766,550 in most areas for 2024, higher in designated high-cost markets. These loans can't be sold to Fannie Mae or Freddie Mac.
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2.
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Jumbo loans typically require stronger credit (often 700+), larger down payments (10–20%), and more cash reserves. Underwriting is more thorough and can take longer.
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3.
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Rates on jumbo loans are sometimes comparable to or even lower than conforming rates, depending on market conditions. Don't assume a jumbo loan means a worse deal — shop lenders.
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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 My Mortgage Company team any time and we'll walk you through your options. |
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Your Mortgage Advisor
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My Mortgage Company
Todd Holman
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