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Mortgage Market Update
My Mortgage Company
Katie Sindorf
Thursday, September 3, 2026
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Should you refinance? Here's how to tell. |
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Some weeks I hear from readers wondering if now is the time to refinance. It's a smart question to ask, and the answer is different for everyone.
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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 refinancing makes sense for your situation
Refinancing isn't one-size-fits-all, and it's not always the right move. The real question is whether the benefit you'd gain—a lower payment, shorter loan term, or access to cash—is worth the cost and time involved. Some borrowers see a payoff in months; others find it doesn't pencil out for years, if ever. That's why it helps to run the actual numbers on your specific loan before deciding. If you've been thinking about refinancing but aren't sure whether it's worth pursuing, I'd like to sit down and walk through what it would look like for you. No obligation—just clarity. Let's talk through whether refinancing could work in your favor.
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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
Katie Sindorf
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