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Mortgage Market Update
My Mortgage Company
Sabrina Linman
Thursday, September 3, 2026
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Should you refinance right now? |
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Hi there. With mortgage rates shifting, I'm getting a lot of questions about whether now is the right time to refinance. Let me share what actually moves the needle.
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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 Strategy
When a rate drop is worth the paperwork
Not every rate movement means you should refinance. There's a real cost to closing a new loan—appraisals, title work, underwriting fees—and it takes time. But when rates shift meaningfully lower, the math can work in your favor. A refinance locks in a lower payment, reduces the total interest you'll pay over the life of the loan, and can shorten your payoff timeline if you want it to. The key is running the numbers: how much will you save each month, how long until closing costs pay for themselves, and how long you plan to stay in the home. That's where I come in. If you've been curious whether a refinance makes sense for your situation, I'm happy to walk through the calculation with you—no obligation. Let's run the numbers and see if refinancing could work for you.
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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
Sabrina Linman
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