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Mortgage Market Update
My Mortgage Company
Fernando Radillo
Thursday, September 3, 2026
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Should you refinance your mortgage? |
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Not every homeowner should refinance, even in a favorable market. Let me walk you through how to know if it's right for you.
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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 refinancing makes sense (and when it doesn't)
Refinancing isn't always the right move, even when rates shift. The real question is whether the monthly savings and other benefits outweigh the closing costs and time involved. Some borrowers break even in a few years; others never do. It depends on your loan balance, how long you plan to stay in your home, your current rate, and what's available to you now. That's why I always recommend running the actual numbers before you commit. There's no one-size-fits-all answer, but a clear-eyed conversation about your goals and timeline can show you whether refinancing is worth your effort. Let's talk through whether a refinance makes sense for your situation.
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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
Fernando Radillo
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