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Mortgage Market Update
My Mortgage Company
Armando Mungioli
Thursday, September 3, 2026
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Should you think about refinancing your mortgage? |
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Hi there. I wanted to share some straightforward thinking about when refinancing actually makes sense for homeowners.
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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 (and when it doesn't)
I get asked about refinancing all the time, and the answer usually depends on your personal situation. Refinancing can make sense if rates have moved favorably, if you want to shorten your loan term, or if you're looking to tap equity for a major expense. But it's not automatic—there are costs involved, and the math has to work for your timeline and goals. The best way to know if it's worth exploring is to look at your current loan details and think about what you'd want to change. Then we can run some real numbers and see what your options look like. I'm happy to walk through the pros and cons with you, no obligation. Give me a call or send a message if you'd like to talk through whether refinancing could work 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
Armando Mungioli
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