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Mortgage Market Update
My Mortgage Company
Shawn Curran
Thursday, September 3, 2026
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Should you refinance right now? |
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Hi there. This week I want to talk about one of the questions I hear most often from homeowners—and one worth getting right.
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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 a refi makes sense (and when it doesn't)
Refinancing isn't right for everyone, and that's okay. The real question is whether the math works for your situation. A lower rate sounds great in theory, but you'll want to think about how long you plan to stay in your home, what closing costs will be, and how much your new payment would drop. Sometimes refinancing saves you money over time. Sometimes it doesn't—and knowing the difference keeps you from making a move you'll regret. I see borrowers make the best decisions when they have clear numbers in front of them, not just a rate quote. If you've wondered whether refinancing could help you, I'm here to walk through the real picture. Reach out if you'd like to explore whether refinancing makes sense for your loan.
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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
Shawn Curran
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