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Mortgage Market Update
My Mortgage Company
Mischa Rytz
Thursday, September 3, 2026
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Should you refinance? Here's how to know. |
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Hi there. I get a lot of questions about refinancing, and I've noticed borrowers don't always know where to start.
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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 (and when it doesn't)
Refinancing sounds appealing on the surface — the chance to lower your payment or shorten your loan. But it's not always the right move. The key is understanding your own timeline and numbers. If you're planning to stay in your home long enough to recoup the costs of refinancing, it may pencil out. If you're selling in a few years, probably not. The same goes for rates — a small dip might not justify the process, but a meaningful shift could free up real money over time. Everyone's situation is different, which is exactly why it's worth a conversation before you decide. I can walk you through your specific numbers and help you figure out if now is the right time for you. If you're curious whether refinancing could work for your situation, reach out and we can talk it through.
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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
Mischa Rytz
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