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Mortgage Market Update
My Mortgage Company
Destany Poulette
Thursday, September 3, 2026
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Should you refinance right now? |
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Hi there—I wanted to share some straight talk about when refinancing works and when it doesn't. Not every opportunity is the right one for your wallet.
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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 actually makes sense
Refinancing isn't always the right move, even when rates look attractive. The real question is whether the savings you'd gain outweigh the costs and time involved. Sometimes staying put is the smarter financial choice. I help borrowers run the numbers honestly—looking at how long you plan to stay in your home, what your closing costs would be, and how much your payment would actually drop. If you've been wondering whether now is your moment, let's talk through your specific situation without any pressure. Reach out and we can walk through whether refinancing makes sense for you.
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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
Destany Poulette
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