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Mortgage Market Update
My Mortgage Company
Donivan Norton
Thursday, September 3, 2026
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Should you refinance? Let's find out |
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Hi there. With so much mortgage information out there, it's easy to wonder whether refinancing is something you should consider. Let's talk about how to know.
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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 key is understanding what you're trying to accomplish — whether that's lowering your monthly payment, shortening your loan term, tapping into home equity, or getting out of an adjustable rate. Each goal has different math behind it, and sometimes the costs of refinancing outweigh the benefits. That's why it pays to run the numbers with someone who knows your full picture. If you've been wondering whether now could be a good time to explore your options, I'd like to sit down and walk through what refinancing could and couldn't do for you. Give me a call or send a message, and we can talk through whether refinancing fits your goals.
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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
Donivan Norton
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