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Mortgage Market Update
My Mortgage Company
Jillian Hartman
Thursday, September 3, 2026
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Should you refinance? Let's find out. |
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Hi there. Each week I share ideas and reminders to help you make smarter decisions about your home and 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 does refinancing actually make sense?
I talk to homeowners all the time who wonder if they should refinance, and the answer really depends on your situation. If rates have moved favorably since you borrowed, or if your credit has improved, refinancing might lower your payment or shorten your loan timeline. But it also involves closing costs and a new application process, so it's worth doing the math first. The break-even point—where your monthly savings add up to more than you paid to refinance—matters more than chasing the absolute lowest rate. Let me help you figure out whether refinancing makes financial sense for you right now. Reach out and we can walk through the numbers together.
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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
Jillian Hartman
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