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Mortgage Market Update
Matthew Scalese
Matthew Scalese
Thursday, September 3, 2026
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Should you refinance? Let's find out. |
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Hi there,
Sometimes the smartest financial move is doing nothing. Other times, it's taking action on your home loan. Here's how to tell the difference.
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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 makes sense (and when it doesn't)
Refinancing isn't always the right move, even when rates drop or your situation changes. The real question is whether the benefit you'd gain—a lower payment, shorter loan term, or removing PMI—outweighs the costs and time it takes to close a new loan. Sometimes staying put and making extra principal payments does more for your wealth. Other times, refinancing is exactly what you need. The best way to know? Run the numbers with someone who'll be honest about whether it pencils out for you. I'm here to walk through your specific situation, no pressure, and show you what your options actually look like. Let's talk if you're wondering whether a refi makes sense right now. Reach out anytime you'd like to explore whether refinancing could work for your home loan.
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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 Matthew Scalese team any time and we'll walk you through your options. |
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