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Mortgage Market Update
My Mortgage Company
John Katsougrakis
Thursday, September 3, 2026
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Should you refinance? Here's how to tell. |
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Not every rate drop is a reason to refinance. This week, I want to share the real questions to ask before you make a 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 Basics
When refinancing makes sense (and when it doesn't)
Refinancing isn't always the right move, even when rates look appealing. The real question is whether the monthly savings justify the closing costs and time involved. If you're planning to stay in your home long enough to recoup those upfront expenses, it may be worth a closer look. But if you're thinking of moving in a few years, the math might not work in your favor. I help clients run the numbers so you can make this decision with confidence, not guesswork. Every situation is different, and what makes sense for your neighbor might not apply to you. If you've been wondering whether now is the right time to refinance, I'm happy to walk through your specific scenario. Let's talk through whether refinancing could work for your situation.
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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 Katsougrakis
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