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Mortgage Market Update
My Mortgage Company
Raymond Rodrigues Jr
Thursday, September 3, 2026
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Should you refinance? Here's how to decide |
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Refinancing gets a lot of buzz, but it's not right for everyone. Here's what actually matters when you're weighing the decision.
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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 drop or your home gains value. The real question is whether the costs and timeline make sense for your situation. Some people benefit from a lower rate or shorter loan term. Others find that closing costs and how long they plan to stay in the home make a refinance less attractive. It's also worth knowing that your credit score, current equity, and how much time is left on your loan all play a role in whether refinancing pencils out for you. I'd rather have an honest conversation about your specific circumstances than push you toward something that doesn't fit. Let's talk through what makes sense for your goals. If you're curious whether refinancing could work for you, I'm happy to walk through the numbers.
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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
Raymond Rodrigues Jr
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