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Mortgage Market Update
My Mortgage Company
Spencer Javier
Thursday, September 3, 2026
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Does refinancing fit your goals right now? |
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I wanted to share some straightforward thinking about refinancing — not whether you should, but how to know if it's worth exploring.
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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 always the right move, but it can be worth considering when your circumstances change. Some borrowers refinance to lower their interest rate, which reduces monthly payments or shortens loan length. Others tap into home equity to fund renovations, consolidate debt, or cover major expenses. The key is understanding your own goals first — whether you're looking to save on interest, access cash, or change your loan terms. Every situation is different, and the timing matters. I'd be happy to walk through whether refinancing could work for you and what the real costs and benefits might look like. Let's talk about whether refinancing makes sense in your case.
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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
Spencer Javier
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