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Mortgage Market Update
My Mortgage Company
Jesseca Hendricks
Thursday, September 3, 2026
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Should you lock in a refi this month? |
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Hi there. This week I want to talk about one of the questions I hear most often from homeowners like you.
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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 Strategy
When a rate drop is worth the paperwork
I get asked a lot: how much do rates need to fall before I should refinance? The honest answer is, it depends on your situation—your loan balance, how long you plan to stay in your home, and what closing costs look like. Sometimes a small rate reduction makes sense; sometimes it doesn't. The math changes for each person. What I do know is that waiting for the "perfect" rate can cost you money, and refinancing isn't as complicated as it used to be. If you've been on the fence, it's worth a quick conversation to see if the numbers work in your favor right now. Let's run the numbers together—reach out and I'll show you what a refinance could mean for your situation.
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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
Jesseca Hendricks
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