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Mortgage Market Update
My Mortgage Company
Nicholas Drescher
Thursday, September 3, 2026
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Does your rate cut pay for itself? |
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Rates move, and when they do, refinancing comes to mind. But the decision shouldn't be automatic. Here's what actually matters.
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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
When a rate drop is worth the paperwork
Refinancing isn't automatic—even when rates fall, you need to run the math. The gap between your current rate and what's available now has to be large enough to offset closing costs and the time you plan to stay in your home. That break-even point is different for everyone, and it's worth calculating before you decide. I can walk you through what makes sense for your situation: how long you're planning to own the home, what your costs would be, and whether the monthly savings actually add up. Sometimes the answer is yes. Sometimes it's wait. Let's figure out which one applies to you. I'm happy to run a quick refinance analysis whenever you're ready—no obligation.
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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
Nicholas Drescher
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