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Mortgage Market Update
My Mortgage Company
Kiernan O'Brien
Thursday, September 3, 2026
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Refinancing might be worth a look |
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A lot has changed since you closed your mortgage—your life, the market, maybe even your credit. This week I want to talk about refinancing and when it actually makes sense.
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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 makes sense for you
Refinancing isn't one-size-fits-all, but there are a few solid reasons to take a closer look at your current loan. If your credit has improved since you borrowed, or if market conditions have shifted, you might lower your rate or shorten your loan term. Some homeowners refinance to tap equity for a major expense or consolidate debt. The key is doing the math: closing costs matter, and you want to stay in the home long enough for the savings to justify the upfront expense. That's where I come in. I can walk through your specific situation—no pressure, no obligation—and tell you whether refinancing could actually put money back in your pocket. Give me a call if you'd like to explore whether refinancing is a smart move for your loans.
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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
Kiernan O'Brien
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