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Mortgage Market Update
My Mortgage Company
Bryan Miller
Thursday, September 3, 2026
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Should you refinance your mortgage? |
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Hi there,
This week I want to tackle a question I hear often, and the answer is more nuanced than you might think.
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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
When refinancing actually makes sense
A lot of people ask whether they should refinance, and the honest answer depends on your situation. It's not just about rates dropping—it's about whether the cost to refinance (closing costs, time, paperwork) will be outweighed by the savings you'll get over the time you plan to stay in your home. Sometimes a small rate improvement adds up. Sometimes it doesn't. What matters is doing the math on your specific loan, timeline, and goals. If you've been thinking about it, I can walk you through the numbers without any pressure. There's no one-size-fits-all answer, but there's a right answer for you. Let's talk through whether refinancing makes sense in 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
Bryan Miller
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