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Mortgage Market Update
My Mortgage Company
Activities by Vibe
Thursday, September 3, 2026
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Does it make sense for you to refinance? |
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Refinancing gets a lot of attention, but it's not a one-size-fits-all move. Here's how to think about whether it's right for your 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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Refinance Strategy
When refinancing makes sense (and when it doesn't)
Refinancing isn't always the right move, even when rates shift. The math depends on how long you plan to stay in your home, your current loan terms, and what closing costs would be. Some borrowers benefit within months; others need years to break even. The key is running the real numbers for your specific situation rather than chasing headlines. If you've been thinking about it but unsure whether the timing works for you, I can walk through the details with your actual loan and timeline. There's no obligation—just clarity so you can make a confident decision. Let's talk through whether a refinance pencils out for your home.
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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
Activities by Vibe
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