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Mortgage Market Update
My Mortgage Company
Tia Peeks
Thursday, September 3, 2026
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Should you refinance? Here's how to decide. |
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Hi there. This week I want to talk about one of the most common questions I get: whether it's worth refinancing your mortgage.
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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 (and when it doesn't)
Refinancing isn't always the right move, even when rates look attractive. The real question is whether the long-term savings justify the upfront costs and the time it takes to recoup them. If you're planning to stay in your home for several more years, refinancing could lower your monthly payment or shorten your loan term. But if you're thinking of selling soon, the math often doesn't work in your favor. I help clients run the numbers so you can make a decision based on your actual situation, not just what you see in the headlines. If you're wondering whether refinancing fits your plans, I'd be happy to walk through the details with you.
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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
Tia Peeks
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