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Mortgage Market Update
My Mortgage Company
E Mortgage Capital
Thursday, September 3, 2026
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Does refinancing work for your situation? |
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Hi there — I wanted to share some straight talk about refinancing this week. It's one of those tools that can really help, but only when it's the right move for you.
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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 does refinancing actually make sense?
I get asked this a lot, and the answer really depends on your situation. Refinancing can help you lower your monthly payment, shorten your loan term, or switch from an adjustable rate to a fixed one. But it's not automatic — you'll want to think about how long you plan to stay in your home, what your current rate is, and whether closing costs make sense for your goals. The math works differently for everyone. If you've been in your home for a few years and your circumstances have changed — better credit, more income, or rates have moved — it might be worth exploring. I'm happy to run the numbers with you, no obligation. Let's talk through whether refinancing fits your plan.
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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
E Mortgage Capital
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