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Mortgage Market Update
My Mortgage Company
Patrick Brown
Thursday, September 3, 2026
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Is refinancing worth it for you? |
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Interest rates move constantly, and whenever they shift, I get questions about refinancing. The truth is, the answer depends on your unique situation—not just the rate itself.
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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 a rate drop is worth the effort
Not every rate movement calls for action. Refinancing costs time and money upfront—closing costs, appraisal fees, paperwork—so it only makes sense if the long-term savings justify those expenses. The size of the rate drop, how long you plan to stay in your home, and your current loan balance all factor into whether refinancing makes financial sense for your situation. I help borrowers run these numbers so you can decide with confidence, not guesswork. If you've been on the fence about whether now is the right moment, let's talk through your specific numbers and see what the math actually shows. Reach out if you'd like me to walk through whether refinancing makes sense for you right now.
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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
Patrick Brown
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