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Mortgage Market Update
My Mortgage Company
James Zeller
Thursday, September 3, 2026
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Does refinancing make sense right now? |
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Hi there. This week I want to talk about something I get asked a lot—and it deserves a straight answer.
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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 actually makes sense
Refinancing gets a lot of attention, but it's not always the right move. The real question isn't whether rates have moved—it's whether a new loan would genuinely improve your financial situation. That means looking at your timeline, how long you plan to stay in the home, what you'd pay in fees, and how much your payment or loan term would actually change. Sometimes refinancing saves thousands. Sometimes it costs more than it's worth. I help borrowers do the real math, not just chase a headline rate. If you're wondering whether refinancing could work for you, let's talk through your specific situation and see what the numbers actually say. Reach out if you'd like an honest look at whether refinancing makes sense for your home and finances.
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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
James Zeller
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