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Mortgage Market Update
My Mortgage Company
Cal Kee
Thursday, September 3, 2026
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Does refinancing make sense for you? |
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Hi there. This week I want to talk about a question I hear often: Is now a good time to refinance?
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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 refinancing makes sense (and when it doesn't)
Refinancing isn't a one-size-fits-all move. It can lower your monthly payment, shorten your loan term, or help you tap into home equity—but only if the numbers work for your situation. The key is understanding what you'd pay in closing costs versus what you'd save over time. Sometimes a small rate drop isn't enough to justify refinancing. Other times, it's a smart financial move that pays off in months. The best way to know is to run the actual numbers on your loan. I'm happy to walk you through whether refinancing could benefit you right now, or if staying put makes more sense. Reach out anytime you'd like to explore your options—no obligation.
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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
Cal Kee
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