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Mortgage Market Update
My Mortgage Company
Samuel P. Royer
Thursday, September 3, 2026
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Does refinancing make sense for you? |
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Sometimes homeowners reach a point where they wonder if their current loan still fits their life. Here's what you should know before deciding.
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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 a one-size-fits-all move, but it's worth understanding when it might work in your favor. Some borrowers refinance to lower their monthly payment, others to shorten their loan term or tap into home equity for major expenses. The key is looking at your goals, how long you plan to stay in your home, and whether the math actually works for your circumstances. I'm happy to walk you through what refinancing could look like for you—no obligation, just a clear picture of your options and whether it makes sense right now. Let's talk about whether refinancing fits your goals.
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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
Samuel P. Royer
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