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Mortgage Market Update
My Mortgage Company
Kelly Cuffe
Thursday, September 3, 2026
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Should you refinance? Here's how to tell. |
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I hear from a lot of homeowners who wonder if now is the right time to refinance. Let me break down what actually matters when making that decision.
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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 it makes sense to refinance your mortgage
Refinancing isn't right for everyone, but it can be a smart move when circumstances change. Maybe your credit has improved since you bought, or you've built enough equity to avoid mortgage insurance. Maybe you want to shorten your loan term, lock in stability, or tap into your home's value for a major expense. The key is understanding what you'd actually save — or spend — to make the switch. It takes a few minutes to run the numbers and see if refinancing pencils out for your situation. If you're curious whether refinancing could work for you, I'd be happy to walk through your options.
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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
Kelly Cuffe
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