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Mortgage Market Update
My Mortgage Company
William Cramer
Thursday, September 3, 2026
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Should you refinance? Let's look at your numbers. |
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Hi there. Rates have been moving, and I know many of you are wondering if now's the time to refinance. Let me share what actually matters when you're considering a switch.
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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 makes sense (and when it doesn't)
Refinancing isn't always the right move, even when rates look attractive. The real question is whether the long-term benefit outweighs what you'll pay upfront to switch loans. Some people refinance to lower their rate, others to tap equity or shorten their timeline. But if you're only staying in your home a few more years, the savings might not justify the costs. I help borrowers run the actual numbers so they can make a confident decision instead of guessing. If you've wondered whether refinancing could work for you—or been unsure if it's even worth exploring—I'd be happy to walk through your situation and show you what the math really looks like. Reach out anytime if you'd like to talk through whether refinancing could make sense for 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
William Cramer
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