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Mortgage Market Update
My Mortgage Company
Goose Ritter Team
Thursday, September 3, 2026
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Should you refinance? Let's do the math. |
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Rates move, and so do life circumstances. Sometimes that means refinancing deserves a second thought.
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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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Refinance Strategy
When a refi makes sense (and when it doesn't)
Refinancing isn't always the right move, even when rates drop. The real question is whether the monthly savings will outweigh what you'll pay in closing costs and how long you plan to stay in your home. Sometimes a modest rate improvement isn't enough to justify refinancing. Other times—especially if you're looking to shorten your loan term or switch from an adjustable to a fixed rate—it's worth a closer look. I help borrowers do the math so you can decide with confidence. There's no one-size-fits-all answer, but there's usually a clear one for your situation. Let's run the numbers together and see if refinancing makes sense for you.
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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
Goose Ritter Team
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