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Mortgage Market Update
My Mortgage Company
Felipe Aguila
Thursday, September 3, 2026
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Should you refinance? Here's how to tell. |
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Hi there. This week I want to address one of the most common questions I hear: Is now a good time to refinance my mortgage?
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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 a refi makes sense (and when it doesn't)
Refinancing isn't always the right move, even when rates look attractive. The real question is whether the long-term benefit outweighs what you'll pay in closing costs and take the time to break even. Some borrowers see monthly payment relief and jump at it; others focus on how much interest they'll save over the life of the loan. Both matter. The best time to refinance depends on your timeline, how long you plan to stay in the home, and what you're trying to accomplish—lower payments, shorter payoff, or cash out equity for something important. I'm happy to walk through the math with you and show what a refinance would actually look like in your situation. If you've been wondering whether refinancing makes sense right now, let's talk through your options.
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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
Felipe Aguila
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