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Mortgage Market Update
My Mortgage Company
Scott Isner
Thursday, September 3, 2026
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Does refinancing work for your situation? |
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Hi there. I'm writing this week because I get asked a lot about whether someone should refinance—and the honest answer is: it depends.
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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 refinancing actually make sense?
Refinancing isn't always the right move—even when rates drop. The math depends on how long you plan to stay in your home, your current loan terms, and what closing costs would be. Some borrowers benefit in months; others need years to break even. The key is looking at your full picture: not just the rate, but your timeline and goals. If you've been wondering whether it's worth exploring, I can walk you through the numbers for your situation and show you what refinancing would actually cost versus what you'd save. Let's run the numbers together and see if 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
Scott Isner
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