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Mortgage Market Update
Anthony Yousif
Anthony Yousif
Thursday, September 3, 2026
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Does refinancing make sense right now? |
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Hi there—I've had a few people ask lately whether they should refinance. It's a fair question, but the answer depends entirely on your own 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
Should you refinance? A straightforward look.
Refinancing isn't always the right move, even when rates shift. The real question is whether the monthly savings and long-term benefit outweigh the cost to close a new loan. I work with borrowers who sometimes assume they need to refinance whenever rates drop—but if you're staying in your home for just a couple more years, the math might not pencil out. Other times, people hold off when refinancing could genuinely lower their payment or shorten their loan term. The key is running honest numbers specific to your situation: your current rate, remaining loan term, and how long you plan to stay. That's where I come in. Let's talk through whether it makes sense for you. Reach out and we can look at your numbers together.
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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 Anthony Yousif team any time and we'll walk you through your options. |
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