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Mortgage Market Update
My Mortgage Company
Emily Burris
Thursday, September 3, 2026
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Should you refinance? Let's look at your numbers. |
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Hi there. This week I'm breaking down when refinancing actually works in your favor—and when it's better to hold tight.
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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 long-term benefit outweighs the upfront cost and time involved. Sometimes staying put is smarter. I help clients think through the numbers—not just the monthly savings, but how long you plan to stay in the home, what closing costs will be, and whether you're changing loan terms in a way that actually serves your goals. If you've been wondering whether now is your moment to refinance, or if you've been holding off and want a fresh perspective, let's talk through your specific situation. There's no one-size-fits-all answer, which is exactly why it's worth a conversation. Give me a call or send me a note—I'm happy to walk through whether refinancing makes sense for 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
Emily Burris
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