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Mortgage Market Update
My Mortgage Company
Julie Jacobsen
Thursday, September 3, 2026
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Refinancing isn't always worth it |
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Hi there — I want to share some straight talk about when refinancing actually pays off, and when it's better to leave well enough alone.
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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 drop or your situation changes. The real question is whether the long-term benefit outweighs the cost and time to close a new loan. Sometimes staying put is smarter than starting over, especially if you're a few years into your current mortgage. I help borrowers run the numbers honestly — not to push a deal, but to show what actually pencils out for your goals. Whether you're looking to lower your payment, shorten your term, or tap equity for a real need, the math needs to work for you, not just sound good. If you've wondered whether refinancing deserves a second look, let's talk through your specific situation. Reach out and I'll walk you through whether refinancing makes sense right now.
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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
Julie Jacobsen
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