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Mortgage Market Update
My Mortgage Company
Tyrone Jefferson
Thursday, September 3, 2026
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Does refinancing make sense for you? |
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Some weeks I get asked about refinancing more than anything else. That tells me it's on your mind too—and for good reason.
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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 refinancing makes sense (and when it doesn't)
Refinancing isn't a one-size-fits-all move. The decision really comes down to your situation: how long you plan to stay in your home, your current loan terms, and what rates are doing. If you're thinking about it, I'd look at your break-even point—basically, how many months it takes for your savings to cover the costs of refinancing. If you're staying put long enough to cross that line, it can be worth it. But if life circumstances might change, it's worth a conversation first. I'm here to walk you through the math so you can decide with confidence. Let's talk about whether refinancing fits your goals 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
Tyrone Jefferson
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