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Mortgage Market Update
Tony Tehfe
Tony Tehfe
Thursday, September 3, 2026
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Should you refinance your mortgage? |
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Hi there. Sometimes the smartest financial move is staying put — and sometimes it's making a change. This week I'm breaking down when refinancing actually pencils out.
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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)
A lot of homeowners wonder if they should refinance, but the answer isn't one-size-fits-all. Refinancing can lower your monthly payment, shorten your loan term, or help you tap equity for a major project — but it involves closing costs and a new application process. The math works best when you plan to stay in your home long enough to recoup those costs through your monthly savings. Your timeline, current rate, and what you'd use the money for all matter. If you've been in your home a few years and your situation has changed (better credit, significant equity, different financial goals), it might be worth exploring. I'm happy to run the numbers with you — no obligation — and show you exactly what refinancing would look like in your specific case. Let's talk through whether refinancing makes sense 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 Tony Tehfe team any time and we'll walk you through your options. |
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