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Mortgage Market Update
My Mortgage Company
Michael Vetri
Thursday, September 3, 2026
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Does refinancing make sense right now? |
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Hi there. With rates moving week to week, I hear a lot of questions about whether it's time to refinance. Here's what I've learned matters most.
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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 rate drop is worth refinancing
Not every rate movement calls for a refi—but when conditions align, refinancing can meaningfully reduce what you pay over time. The key is looking at your whole situation: how long you plan to stay in your home, what closing costs would be, and how much your payment would actually drop. Sometimes a modest rate improvement makes sense; sometimes it doesn't. I help borrowers run the real numbers so they know whether refinancing pencils out for their specific circumstances. If you've been wondering whether now is the right time, I'd be happy to walk through the math with you—no obligation. Let's talk about 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
Michael Vetri
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