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Mortgage Market Update
My Mortgage Company
Charlie Flohr
Thursday, September 3, 2026
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Should you refinance? Let's find out. |
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Hi there. One of the most common questions I hear is whether it's time to refinance. The answer depends on more than just rates—it's about your personal situation.
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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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Refinance Strategy
When refinancing makes sense (and when it doesn't)
Refinancing isn't always the right move, even when rates drop. The real question is whether the monthly savings justify the costs and time involved in getting a new loan. Some borrowers benefit immediately; others need to stay in their home long enough for those savings to add up. That timeline varies based on your situation—your current rate, how much you owe, and your plans to stay put. I help clients run the real numbers so they can decide with confidence, not guesswork. If you've been wondering whether now is your moment, let's talk through it together. Reach out if you'd like me to walk through a refinance scenario tailored to your loan.
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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
Charlie Flohr
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