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Mortgage Market Update
Tony Recupero
Tony Recupero
Thursday, September 3, 2026
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When refinancing actually pays off |
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Hi there — we're seeing some movement in the market this week, and I wanted to share something borrowers often get wrong about refinancing.
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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 a rate drop actually makes sense
Not every rate decrease is a reason to refinance. The real question is whether the monthly savings will outweigh the costs of a new loan — closing costs, appraisal fees, and the time it takes to break even. Sometimes a modest rate improvement doesn't pencil out financially. Other times, especially if rates move meaningfully lower or your situation has changed, refinancing can free up real money each month. The math is personal to your loan, timeline, and goals. That's why it helps to run the numbers with someone who can show you the full picture, not just the shiny rate quote. If you've been wondering whether now is the right time, I'd be happy to walk through what a refinance would actually cost and save you. Reach out and we can calculate whether refinancing makes sense 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 Tony Recupero team any time and we'll walk you through your options. |
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