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Mortgage Market Update
My Mortgage Company
Brent Busch
Thursday, September 3, 2026
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Does refinancing pencil out for you? |
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Rates move, and refinance mail piles up. But not every rate move calls for a new loan. Here's how to think about it clearly.
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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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Refinance Strategy
When does refinancing actually make sense?
Refinancing isn't always the right move, even when rates shift. The real question is whether the long-term savings justify closing costs and the time to process a new loan. Some borrowers benefit immediately; others need to stay put longer to break even. A few factors matter most: how long you plan to keep the home, your current loan balance, and how much your monthly payment would actually change. I can walk you through a simple payback timeline so you know exactly what makes financial sense for your situation, not just what sounds appealing on the surface. If you're curious whether refinancing pencils out for you, I'd be happy to run the numbers.
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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
Brent Busch
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