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Mortgage Market Update
My Mortgage Company
Michael DeVincentis
Thursday, September 3, 2026
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Does a refinance make sense for you? |
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Welcome back. This week I'm breaking down when refinancing actually pays off—and when it might not be worth the effort.
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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 refinancing makes financial sense
Refinancing isn't always the right move—but it can be worth exploring if your situation has changed. The main reasons borrowers refinance are to lower their monthly payment, shorten their loan term, switch from an adjustable to a fixed rate, or tap into home equity for a major expense. Each scenario plays out differently depending on where rates are, how long you plan to stay in your home, and what you owe. The math has to work in your favor, which is why it's worth talking through your specific numbers with me before making a decision. I can walk you through whether refinancing would actually save you money or if staying put is the smarter choice right now. 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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Your Mortgage Advisor
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My Mortgage Company
Michael DeVincentis
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