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Mortgage Market Update
My Mortgage Company
Brian Klotz
Thursday, September 3, 2026
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Does refinancing make sense for you? |
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I'm often asked whether now is the right time to refinance. The honest answer is: it depends on your specific circumstances.
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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 isn't always the right move, even when rates look attractive. The key is whether the long-term savings justify closing costs and the time you plan to stay in your home. Some people refinance to lower their rate, others to shorten their loan term or tap equity for repairs or debt payoff. Each situation is different. If you've been thinking about it but aren't sure whether it pencils out for you, that's exactly what I'm here to help you figure out. A quick conversation can show you the real numbers and help you decide if it's worth pursuing right now. If you're curious whether refinancing could work for your situation, let's 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
Brian Klotz
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