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Mortgage Market Update
Jake Taylor
Jake Taylor
Thursday, September 3, 2026
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Thinking about refinancing? Let's talk it through |
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Hi there,
I get asked about refinancing all the time, and the answer is rarely a simple yes or no. Here's what I want you to know:
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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
Should you refinance? Here's how to decide.
Refinancing isn't always the right move, even when rates look attractive. The real question is whether your savings over time will outweigh the costs of a new loan. I see borrowers sometimes focus only on the monthly payment drop and miss the bigger picture—how long you plan to stay in the home matters just as much as the rate itself. If you're thinking about moving in a few years, or if closing costs will take a long time to recoup, refinancing might not pencil out. The opposite is true too: if you're settled and the numbers work, refinancing can be a smart money move. Let's talk through your specific situation and see if it makes sense. Reach out if you'd like me to run the numbers on whether 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 Jake Taylor team any time and we'll walk you through your options. |
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