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Mortgage Market Update
My Mortgage Company
Joseph A Worrell - For Deletion
Thursday, September 3, 2026
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Does refinancing make sense right now? |
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Hi there. A lot of homeowners think about refinancing, but the timing and the math have to line up. This week I want to walk you through how to know if it's worth considering.
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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 long-term benefit outweighs the closing costs and time involved. Some borrowers benefit immediately; others need to stay in their home long enough for the savings to add up. Your loan officer can help you run the numbers based on your actual situation — how long you plan to stay, what your current rate is, and what today's market offers. It's a personalized decision, not a one-size-fits-all one. If you've been wondering whether refinancing could work for you, let's talk through it. Reach out if you'd like to explore whether refinancing makes sense 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
Joseph A Worrell - For Deletion
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