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Mortgage Market Update
My Mortgage Company
Lock It Mortgage
Thursday, September 3, 2026
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Does refinancing make sense right now? |
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As market conditions shift, homeowners often wonder whether now is the right time to refinance. I'm here to help you figure that out.
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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
When refinancing makes sense for your situation
Refinancing isn't a one-size-fits-all move, but it's worth considering if your financial picture has changed. A lower rate environment, improved credit score, or shift in how long you plan to stay in your home can all make refinancing worthwhile. The key is understanding your break-even point—how long it takes for monthly savings to outweigh closing costs. Some borrowers see payoff in months; others benefit more from a rate lock that gives them peace of mind. I've helped plenty of homeowners work through this math, and it's almost always worth a conversation before rates shift again. Let's walk through your numbers and see if refinancing could work 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
Lock It Mortgage
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