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Mortgage Market Update
My Mortgage Company
Bishoi Nageh
Thursday, September 3, 2026
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Does refinancing make sense for you? |
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There's a lot of noise out there about refinancing. I want to cut through it and help you decide if it's actually worth doing.
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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 math depends on how long you plan to stay in your home, your current loan terms, and what you'd pay to refinance. If you're thinking about it, I like to help borrowers run the numbers together—comparing your break-even point against your timeline. Sometimes a refi makes sense; sometimes staying put does. Either way, it's worth a conversation so you're making the choice that fits your life, not just chasing a lower rate. Let's talk through your situation and see what's right for you. I'm here to walk through the math with you—no pressure, just clarity.
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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
Bishoi Nageh
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