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Mortgage Market Update
My Mortgage Company
Reanna Walls
Thursday, September 3, 2026
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Should you refinance right now? |
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Rates and life circumstances change. Here's what matters most when you're thinking about a 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 does it make sense to refinance?
Refinancing isn't one-size-fits-all, and it's not always the right move just because rates shift. The real question is whether the long-term benefit outweighs the costs and time involved. Some borrowers benefit from lower monthly payments or a shorter loan term. Others find that refinancing doesn't pencil out given their timeline and situation. That's why I walk through the numbers with you—because what works for your neighbor might not work for your household. If you've been wondering whether now is the time, or if it ever makes sense for you, let's talk through it together. If you'd like to explore whether refinancing could work for your situation, I'm here to help you see the real picture.
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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
Reanna Walls
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