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Mortgage Market Update
My Mortgage Company
Simply Laundry
Thursday, September 3, 2026
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Should you refinance? Here's how to know |
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One of the most common questions I hear is whether now is a good time to refinance. The honest answer depends on your personal situation.
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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 a refi makes sense (and when it doesn't)
Refinancing isn't always the right move, even when rates look appealing. The real question is whether the long-term benefit outweighs the upfront costs and the time you plan to stay in your home. If you're thinking about it, I'd encourage you to run the numbers with someone who knows your situation—your loan term, current rate, how much longer you'll own the place, and what fees you'd actually owe. Sometimes a refi saves you thousands over time. Sometimes holding your current loan is smarter. There's no one-size-fits-all answer, which is exactly why it's worth a conversation. I'm here to walk through the math with you, no pressure. Let's talk about whether refinancing fits your goals.
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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
Simply Laundry
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