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Mortgage Market Update
My Mortgage Company
Liah Jones
Thursday, September 3, 2026
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Does refinancing make sense for you? |
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Hi there. This week I want to tackle one of the most common questions I hear from homeowners who are thinking about their next move.
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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 does a refi actually make sense?
A lot of homeowners ask me whether they should refinance, and the answer depends on your specific situation. It's not just about rates moving—it's about how long you plan to stay in your home, what your current loan terms are, and whether the monthly savings justify any costs involved. Sometimes refinancing makes perfect sense; other times, you're better off staying put and building equity as-is. The best move is to run the real numbers for your loan rather than guess. I'm here to walk through the math with you and show you exactly what refinancing would mean for your payment and timeline. Let's talk through whether refinancing fits your goals right now.
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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
Liah Jones
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