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Mortgage Market Update
My Mortgage Company
Georgia Kelley
Thursday, September 3, 2026
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Should you refinance your mortgage? |
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Hi there—I'm sharing what I'm hearing from clients lately and what might be worth thinking about for your home loan.
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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 for your situation
Refinancing isn't a one-size-fits-all move—it depends on your goals, timeline, and current loan. Some people refinance to lower their monthly payment, others to shorten their loan term or tap equity for a major expense. The key is understanding what you'd gain versus what it costs to make the switch. Even if rates haven't moved dramatically, changes in your credit score, home value, or financial picture might open up better terms than you had before. If you've been wondering whether now is the right time for you, I'd love to walk through the numbers and help you see if it makes sense. Reach out whenever you'd like to explore whether refinancing could work 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
Georgia Kelley
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