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Mortgage Market Update
My Mortgage Company
Edge Home Finance
Thursday, September 3, 2026
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Does refinancing make sense for you? |
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Hi there—I'm sharing some thoughts this week on refinancing and when it actually makes sense. Whether you've been thinking about it or haven't considered it yet, this might help clarify the bigger picture.
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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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Refinance Basics
When refinancing makes sense for your situation
Refinancing isn't right for everyone, but it can be a smart move if your circumstances have changed. Maybe your credit score has improved since you bought, your home has gained value, or you're thinking about how long you plan to stay. The right time to refinance depends on your goals—whether you're looking to lower your monthly payment, shorten your loan term, or tap into equity for a big expense. I always tell people: refinancing isn't about chasing rates alone. It's about whether the benefits outweigh the costs of the process itself. If you're curious whether it might work for you, I'm happy to walk through your options and answer questions without any pressure. Let's talk through whether refinancing could work for your home and budget.
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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
Edge Home Finance
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