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Mortgage Market Update
My Mortgage Company
Jeffrey Diaz
Thursday, September 3, 2026
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Should you refinance? Here's how to tell |
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Hi there,
Refinancing can be a smart money move — or a waste of time. Let me break down what actually matters.
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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 makes sense (and when it doesn't)
Refinancing isn't always the right move, even when rates drop. The key is comparing what you'd save against the cost of refinancing itself — and how long you plan to stay in your home. If you're thinking about selling in a few years, the math might not work. But if you're settled in and rates have shifted meaningfully since you closed, it's worth a conversation. I can walk you through your specific situation, look at your current loan details, and help you decide whether refinancing is actually worth your time and money. Curious if refinancing could work for you? Let's talk through your options.
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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
Jeffrey Diaz
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