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Mortgage Market Update
My Mortgage Company
Celia White
Thursday, September 3, 2026
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Refinancing isn't for everyone—here's why |
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Not all financial moves are worth making, even when they seem tempting. This week I want to talk about one of the biggest decisions homeowners face.
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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 actually makes sense
Refinancing isn't always the right move, even when rates shift. The real question isn't whether rates dropped — it's whether a new loan saves you money over time. You'll want to think about how long you plan to stay in your home, what your new payment and interest costs would be, and any fees involved in the process. Sometimes staying put is smarter than starting over. I'm happy to walk through the math with you and show what refinancing would actually look like in your situation, no pressure either way. Reach out if you'd like me to run the numbers on whether a refinance makes sense for you right now.
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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
Celia White
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