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Mortgage Market Update
My Mortgage Company
Duane Vizinau
Thursday, September 3, 2026
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Does refinancing fit your plan right now? |
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There's a lot of noise out there about refinancing. I want to help you cut through it and figure out what actually works for your home and your finances.
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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 for your situation
Refinancing isn't right for everyone, but it can be a smart move if the terms align with your goals. Some borrowers refinance to lower their monthly payment, others to shorten their loan term or switch from an adjustable rate to a fixed one. The key is understanding what you're trying to accomplish and whether the costs involved make sense for your timeline. If you're planning to stay in your home long-term, the math usually works differently than if you're thinking about selling in a few years. I'd be happy to walk through your specific situation and show you whether refinancing could actually put you ahead. Let's talk through whether a refinance 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
Duane Vizinau
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