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Mortgage Market Update
Troy Shuler
Troy Shuler
Thursday, September 3, 2026
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Should you refinance? Here's how to tell. |
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Hi there. This week I want to cover a question I hear often: when is the right time to refinance your mortgage?
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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 for your situation
Refinancing isn't one-size-fits-all, and it's not always the right move. The main reasons people refinance are to lower their monthly payment, shorten their loan term, or tap into home equity for a major expense. But refinancing also means closing costs and a new loan timeline, so it only pencils out if the benefit outweighs what you'll pay. Market conditions matter too — when rates move in your favor, refinancing becomes more attractive. The best way to know if it's worth exploring is to run the actual numbers for your home and situation. I'm here to walk through the math with you and answer any questions about whether it makes sense right now. Let's talk about whether refinancing could work 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 Troy Shuler team any time and we'll walk you through your options. |
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