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Mortgage Market Update
My Mortgage Company
Hector Lopez
Thursday, September 3, 2026
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Does refinancing fit your plan right now? |
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Hi there. This week I want to tackle a question I hear often: should I refinance my mortgage?
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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 does refinancing actually make sense?
A lot of homeowners ask me whether they should refinance, and honestly, the answer depends on your personal situation more than just what rates are doing. If you've owned your home for a while, you may have built equity that could work for you—whether that's lowering your monthly payment, shortening your loan term, or accessing cash for something important. The key is running the numbers on your specific loan to see if a change would genuinely benefit your bottom line. I'm always happy to walk through a quick analysis with you, no obligation. It takes just a few minutes to figure out if refinancing makes sense for your goals right now. Let's talk through your refinancing options—reach out anytime.
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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
Hector Lopez
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