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Mortgage Market Update
My Mortgage Company
One Real Mortgage's Account
Thursday, September 3, 2026
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Should you refinance? Here's how to tell. |
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Hi there. Interest rates and life circumstances change—sometimes that means refinancing becomes an option worth exploring. Here's what you need to consider.
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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 a one-size-fits-all move. It can be smart if rates have dropped significantly since you locked in your loan, or if your credit score has improved and you now qualify for better terms. It can also help if you want to shorten your loan term or tap into equity for a major expense. But refinancing comes with costs—application fees, appraisal, title work—so it only pencils out if you plan to stay in the home long enough to recoup those fees through your monthly savings. The math is personal to your situation. That's why I always recommend running the numbers before you decide. If you're wondering whether refinancing could work for you, I'm here to walk through the details and help you figure out what actually makes sense. Let's talk through whether a refi is worth it for your loan.
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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
One Real Mortgage's Account
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