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Mortgage Market Update
My Mortgage Company
John Ludwikoski
Thursday, September 3, 2026
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Does refinancing make sense right now? |
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It's easy to hear 'refinance' and think it's for everyone. It's not—and that's okay.
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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 refinancing makes sense for your situation
Refinancing isn't one-size-fits-all, and it's not always the right move. The key is understanding what you're trying to accomplish. Some people refinance to lower their monthly payment, others to shorten their loan term, and some to tap into equity for a larger goal. Each path has different trade-offs, and the math depends on how long you plan to stay in your home. If you've been thinking about refinancing but aren't sure whether it makes sense for you, now's a good time to run the numbers together. I can walk you through what you might save, what it costs, and whether the timeline works in your favor. Let's talk through whether refinancing could work for you—reach out anytime.
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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
John Ludwikoski
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