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Mortgage Market Update
My Mortgage Company
TBD
Thursday, September 3, 2026
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Does refinancing make sense for you right now? |
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Refinancing can be a smart financial move — but only when the math actually works in your favor. Let me share what I look at when I help borrowers decide.
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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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Refinance Basics
When refinancing actually makes sense
Refinancing isn't always the right move — it depends on your situation, not just the headlines. The main reasons people refinance are to lower their monthly payment, shorten their loan term, or tap into equity for a major expense. But refinancing comes with closing costs and a new loan timeline, so it only pays off if you're staying in your home long enough to recoup those expenses through savings. I help borrowers run the real numbers: what you'd save each month versus what you'd pay upfront. Sometimes waiting makes more sense than rushing. If you've been wondering whether it's worth exploring for your home, I'm happy to walk through your specific numbers — no obligation. Let's talk about 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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