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Mortgage Market Update
My Mortgage Company
Michael Rodriguez
Thursday, September 3, 2026
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Is refinancing worth it for you? |
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I hear from a lot of homeowners who wonder if they should refinance. Here's how to think about it in a way that actually helps.
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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, and it's not something everyone should do right now. The real question is whether it moves you closer to your financial goals—whether that's lowering your monthly payment, shortening your loan term, or getting out of an adjustable rate. The best time to refinance is different for every borrower, which is why it pays to do the math on your specific loan. If you're wondering whether a refi could benefit you, I'd be happy to run through the numbers and show you what it might look like. No obligation—just a clear picture of your options. Get in touch, and we can explore whether refinancing is a smart move for you.
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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
Michael Rodriguez
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