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Mortgage Market Update
My Mortgage Company
Seth Feinman
Thursday, September 3, 2026
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Should you refinance right now? |
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Hi there—this week I want to talk about refinancing and when it actually makes sense for your financial situation.
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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 refinancing actually makes sense
Refinancing isn't always the right move, even when rates shift. I talk to borrowers who assume they should refinance whenever rates drop, but the real answer depends on your timeline, how long you plan to stay in the home, and what closing costs will be. Sometimes staying put makes more financial sense. That's why I always recommend running the actual math first—comparing your current loan terms against what you'd get today, factoring in all fees and how many years you'll recoup them. If you've been thinking about refinancing but aren't sure whether it pencils out for your situation, let's talk it through. I can walk you through the numbers so you make the choice that's right for you. Reach out and we can review whether refinancing fits your goals.
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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
Seth Feinman
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