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Mortgage Market Update
My Mortgage Company
Travis Carter
Thursday, September 3, 2026
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Should you refinance your mortgage? |
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Refinancing questions come up often, and the answer is rarely a simple yes or no. Let me break down what actually matters when you're deciding whether to make a move.
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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 refinancing makes sense for your situation
Refinancing isn't one-size-fits-all—it works best when your circumstances have genuinely changed. Maybe your credit score has improved since you bought, or your home's value has climbed. Maybe you're tired of an adjustable rate and want the security of a fixed payment. Or you've been in your loan long enough that the math on closing costs versus long-term savings actually pencils out. The key is running the real numbers for your specific loan and timeline, not just chasing headlines. If you've been wondering whether now is worth exploring, I can walk through what your numbers look like and whether a refinance would actually move the needle for you. Let's talk through whether refinancing makes sense in your case.
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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
Travis Carter
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