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Mortgage Market Update
Valerie Goertz
Valerie Goertz
Thursday, September 3, 2026
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Is refinancing right for your situation? |
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Hi there—I wanted to touch base with something I hear about often: refinancing decisions. Let me share when it's 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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Smart Refinancing
When does refinancing actually make sense?
Refinancing isn't always the right move—even when rates look attractive. The real question is whether your long-term savings justify the upfront costs and starting your loan clock over. If you're planning to stay in your home for several more years, the math often works. But if you're thinking about selling or relocating in the next few years, refinancing might cost you more than it saves. I always recommend running the numbers based on your specific situation—your current loan terms, how long you'll stay put, and what rates look like today versus what you're paying now. The goal is a decision that actually improves your financial picture, not just a lower rate on paper. If you're curious whether refinancing makes sense for you, I'm happy to walk through the details.
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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 Valerie Goertz team any time and we'll walk you through your options. |
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