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Mortgage Market Update
My Mortgage Company
Spencer Javier
Thursday, September 3, 2026
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Should you refinance? Let's do the math. |
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Hi there. This week I'm walking through one of the questions I hear most often: whether refinancing is worth it right now.
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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 does refinancing actually make sense?
Refinancing isn't always the right move, even when rates drop. The real question is whether the savings over time outweigh what you'll spend to refinance—closing costs, appraisals, and your time. If you're planning to stay in your home long enough to recover those costs through lower payments, it might pencil out. But if you're thinking of selling in a few years, the math changes. I run these numbers for borrowers all the time, and sometimes the honest answer is to hold tight. It depends on your timeline, how much equity you have, and where rates actually are today. Let's talk through your specific situation—no obligation. Reach out and we can run the numbers together to see if it makes sense 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
Spencer Javier
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