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Mortgage Market Update
My Mortgage Company
Angela Walters
Thursday, September 3, 2026
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Does refinancing make sense right now? |
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Rates and home values shift, and so do your financial needs. This week I want to cover when refinancing is actually worth considering.
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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 for your situation
A lot of homeowners wonder whether refinancing is worth the time and effort. The answer depends on your goals—whether you're trying to lower your monthly payment, shorten your loan term, tap into equity, or switch loan types. Market conditions matter, sure, but so do how long you plan to stay in your home and what your current loan looks like. I've seen refinancing work beautifully for some clients and not make sense for others, even when rates move in their favor. That's why it's worth a conversation rather than a guess. I can walk you through the math on your specific situation and help you figure out if it's the right move. Let's talk through 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 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
Angela Walters
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