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Mortgage Market Update
My Mortgage Company
Janice M Williams
Thursday, September 3, 2026
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Should you refinance? Here's how to know |
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Not every opportunity to refinance is worth taking. This week I want to share what actually makes a refinance worthwhile—and how to spot 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 Basics
When a refinance actually makes sense
Refinancing isn't always the right move, even when rates shift. The real question is whether the monthly savings—or other benefits like a shorter loan term or lower risk—justify the time and cost to close a new loan. Some borrowers refinance to tap equity for a major expense, others to lock in certainty if rates have been volatile, and some simply want to pay off their home faster. The math changes depending on your situation. If you've been thinking about it but aren't sure whether it pencils out, that's exactly what I'm here to help you figure out. There's no obligation—just a conversation about what makes sense for your goals. Let's talk about whether refinancing fits your plan right now.
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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
Janice M Williams
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