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Mortgage Market Update
My Mortgage Company
Luis Treto
Thursday, September 3, 2026
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Should you refinance your mortgage? |
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Hi there. With the mortgage market always shifting, I get asked regularly whether it's the right time to refinance. Let me share what I tell my clients.
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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 (and when it doesn't)
Refinancing isn't always the right move, even when rates drop or your situation changes. The real question is whether the benefit outweighs the cost and time it takes to close a new loan. If you're planning to sell or move within a few years, refinancing might not pay for itself. But if you're staying put, have built equity, or your credit has improved since you first borrowed, it could be worth a conversation. I help borrowers run the actual numbers—not the sales pitch—so you can decide with confidence. If you're curious whether refinancing would benefit your specific loan, I'm happy to walk through your options without any pressure. Reach out anytime you'd like to explore whether refinancing makes sense for you.
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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
Luis Treto
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