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Mortgage Market Update
My Mortgage Company
Jeremy Marks
Thursday, September 3, 2026
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Should you refinance? Here's how to know |
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Hi there—this week I want to talk about one of the most common questions I hear from homeowners: is now the time to refinance?
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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 refinancing makes sense for your wallet
Refinancing isn't always the right move—but it can be when the numbers work in your favor. The main reasons people refinance are to lower their monthly payment, shorten their loan term, or switch from an adjustable rate to a fixed one for predictability. The catch is that refinancing comes with costs, so you want to make sure the benefit outweighs what you'll pay upfront. I help borrowers run the numbers to see if refinancing pencils out for their specific situation. Sometimes it does; sometimes staying put is smarter. Either way, knowing your options takes the guesswork out of the decision. If you're wondering whether refinancing could work for you, I'd be happy to walk through the details.
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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
Jeremy Marks
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