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Mortgage Market Update
My Mortgage Company
Bryan Canar
Thursday, September 3, 2026
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Does your loan deserve a second look? |
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Hi there. With so much mortgage talk happening, it's easy to wonder if you should refinance—but the honest answer is: sometimes yes, sometimes no.
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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 Strategy
When refinancing makes sense (and when it doesn't)
Refinancing isn't always the right move, even when rates shift. The real question is whether the long-term benefit outweighs the upfront cost and time involved. I've seen borrowers save thousands by refinancing into a shorter loan term, while others simply lock in a lower payment and stay put. It depends on your timeline, how long you plan to stay in the home, and what your current loan looks like. The math is personal—there's no one-size-fits-all answer. If you've been thinking about it but aren't sure whether it pencils out for your situation, I'd love to run the numbers with you. A quick conversation could give you real clarity. Let me know if you'd like to explore whether refinancing makes sense for your 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 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
Bryan Canar
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