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Mortgage Market Update
My Mortgage Company
Grizzly Mortgage
Thursday, September 3, 2026
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Should you refinance your mortgage? |
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Hi there. A lot of homeowners wonder whether they should refinance, but the answer isn't one-size-fits-all.
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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 benefit outweighs your closing costs and the time you plan to stay in your home. Some people refinance to lower their monthly payment or shorten their loan term. Others tap equity for a major expense. But if you're only staying a few more years, or if the savings are modest, it might not pencil out. That's where a straightforward conversation helps. I can walk you through your specific situation and show you whether refinancing moves the needle for you or if staying put makes more sense right now. If you're curious whether refinancing could work for your loan, I'd be happy to take a quick look.
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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
Grizzly Mortgage
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