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Mortgage Market Update
My Mortgage Company
Jeff Buchweitz
Thursday, September 3, 2026
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Should you refinance? Let's run the numbers |
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Hi there,
One of the questions I hear most often is whether now's a good time to refinance. Here's my take on how to think about it.
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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 refi makes sense (and when it doesn't)
Refinancing can lower your payment, shorten your loan term, or tap into home equity—but it's not always the right move. The math depends on how long you plan to stay, what rates look like now versus your current loan, and the costs to refinance. Sometimes a smaller change—like switching from a 30-year to a 20-year loan—makes more sense than you'd think. Other times, you're better off leaving things alone. I help homeowners run the numbers on their specific situation so the decision is clear, not guesswork. If you're wondering whether refinancing could work for you, let's talk through it together.
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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
Jeff Buchweitz
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