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Mortgage Market Update
My Mortgage Company
Humboldt Mortgage Company
Thursday, September 3, 2026
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Should you refinance your mortgage? |
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Hi there. This week I'm breaking down one of the most common questions I hear: when is refinancing actually worth it?
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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 makes sense (and when it doesn't)
Refinancing isn't always the right move, even when rates look attractive. The real question is whether the monthly savings justify the time and cost involved in the process. Some people benefit immediately; others need to stay in their home long enough for those savings to add up. I help clients run the numbers on their specific situation—comparing what they'd pay now versus what they'd save over time. If you've been thinking about it but aren't sure whether it pencils out, that's exactly what I'm here for. Let's talk through your scenario with real math, not guesswork. Reach out, and I'll walk you through whether refinancing makes sense for your loan and timeline.
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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
Humboldt Mortgage Company
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