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Mortgage Market Update
My Mortgage Company
Imagination Age Mortgage
Thursday, September 3, 2026
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Does refinancing make sense right now? |
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Hi there,
Not every borrower benefits from refinancing, and that's okay. Let me share what I'm seeing.
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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 Strategy
When a refi makes sense (and when it doesn't)
Refinancing isn't a one-size-fits-all move—it depends on your timeline, how much you owe, and what rates look like compared to your current loan. The math works differently for someone planning to stay five more years versus someone who might move in two. Some borrowers benefit from a lower rate; others find that closing costs eat into any monthly savings. The key is running the real numbers for your specific situation, not just comparing rates in a vacuum. If you've been thinking about refinancing but aren't sure whether it's worth it, I'd love to walk through your options and show you what the actual payoff would look like. Let me know if you'd like to explore whether refinancing could work for your situation.
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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
Imagination Age Mortgage
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