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Mortgage Market Update
My Mortgage Company
Frank Bronner
Thursday, September 3, 2026
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Should you refinance your mortgage? |
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Hi there — this week I want to tackle a question I hear often: when is refinancing actually worth it? The answer depends on your specific loan and goals, and I'd like to help you figure it 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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Smart Refinancing
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'll receive — a lower payment, shorter loan term, or cash out for a specific goal — justifies the time and costs involved. Some borrowers break even in a few months; others take years. I help clients run the real numbers so you're not guessing. If you've been curious whether refinancing could work for you, or if you're wondering whether to wait for rates to move further, it's worth a conversation. There's no obligation — just clarity on what's actually possible in your situation. Reach out anytime and we can walk through whether refinancing makes sense 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
Frank Bronner
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