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Mortgage Market Update
My Mortgage Company
test test's Account
Thursday, September 3, 2026
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Does refinancing make sense for you right now? |
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I get asked often whether it's time to refinance. The answer depends on your goals and your timeline—not just the rates.
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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 drop. The real question is whether the benefit outweighs your costs and how long you plan to stay in your home. If you've built equity, improved your credit, or your financial situation has changed, refinancing might lower your monthly payment or shorten your loan term. But there are closing costs and a new loan timeline to consider. I always recommend running the numbers first—comparing your current rate and terms against what's available now, factoring in how many years you'll likely keep the home. If you're curious whether it could work for you, I'm here to walk through the details without pressure. Let's talk through whether refinancing could benefit 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
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