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Mortgage Market Update
My Mortgage Company
Shakelia LeBlanc
Thursday, September 3, 2026
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Does refinancing make sense for you? |
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Hi there. I'm noticing more of my clients asking about refinancing lately, so I thought I'd share what I'm telling them.
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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. The real question is whether the long-term benefit outweighs what you'll pay upfront to switch loans. Some people break even in a few years; others never do. It depends on your rate today, how long you plan to stay in your home, and the costs involved in the process. If you've been thinking about refinancing but aren't sure whether it pencils out for your situation, I'd like to walk through the numbers with you. There's no obligation—just a straight answer about whether it makes financial sense right now. Let's talk through your refinancing options and see what the math actually says.
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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
Shakelia LeBlanc
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