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Mortgage Market Update
My Mortgage Company
Adrian Petersen
Thursday, September 3, 2026
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Should you refinance? It depends. |
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Hi there. This week I want to cut through the noise about refinancing and help you figure out if it's actually worth it for you.
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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 situation changes. The real question is whether the benefit you'll gain over time outweighs the cost to refinance. Sometimes a lower rate saves you money; sometimes staying put is smarter. The math depends on your loan balance, how long you plan to stay, and what you'd pay upfront. I help borrowers run through this calculation because it's different for everyone. If you've been wondering whether now is your moment to refinance, or if you're curious what your options actually look like, I'd be happy to walk through the numbers with you. Let's talk through whether refinancing could work 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
Adrian Petersen
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