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Mortgage Market Update
My Mortgage Company
Amanda Rawls
Thursday, September 3, 2026
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Should you refinance? Let's find out. |
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I hear from homeowners all the time who wonder if refinancing is the right move. Today I want to break down how to actually think about that decision.
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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 does refinancing actually make sense?
A lot of homeowners wonder if they should refinance, but the answer really depends on your specific situation. The main things to consider are how long you plan to stay in your home, what your current loan terms are, and how refinancing costs compare to what you'd save. Sometimes a refinance makes perfect sense; other times, you're better off staying put. I can walk through the numbers with you and help you figure out whether it's worth exploring right now — or if waiting makes more sense. Either way, it's worth having that conversation so you're not left guessing. I'd be happy to run through a quick refinance analysis with you — just reach out and we'll see what your options look like.
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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
Amanda Rawls
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