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Mortgage Market Update
My Mortgage Company
Russell Kesterson
Thursday, September 3, 2026
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Should you refinance your mortgage? |
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Sometimes the smartest money move is doing nothing — and sometimes it's time to make a change. Here's how to tell which is which.
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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 does it make sense to refinance?
Refinancing isn't right for everyone, and the answer depends on your personal situation — not just interest rates. If you're thinking about refinancing, the main question is whether the benefits over time outweigh the costs and effort. Sometimes a lower rate justifies a new loan; sometimes staying put is smarter. The right move depends on how long you plan to stay in your home, your current loan terms, and what you're trying to accomplish — whether that's lowering your payment, shortening your timeline, or tapping equity. I'm happy to walk through the numbers with you so you can make a confident decision. Reach out anytime — let's talk about whether refinancing fits your goals.
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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
Russell Kesterson
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