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Mortgage Market Update
My Mortgage Company
Elizabeth Cassidy
Thursday, September 3, 2026
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Should you refinance? Here's how to tell. |
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Hi there — this week I want to cover a question I hear often: when is the right time to refinance, and how do you know if it's actually worth doing?
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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 Strategy
When refinancing makes sense (and when it doesn't)
Refinancing isn't always the right move, even when rates look appealing. The real question is whether the savings over time justify the costs and effort involved. I help borrowers think this through by looking at how long they plan to stay in their home, what their current loan terms are, and what the new terms would be. Sometimes a refinance pencils out beautifully. Other times, staying put with your current mortgage is the smarter choice. There's no one-size-fits-all answer, which is why it pays to run the actual numbers for your specific situation before deciding. If you've been wondering whether refinancing could work for you, I'd like to take a look at your loan and walk through what makes sense. Let's talk through whether refinancing could be a fit for your situation.
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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
Elizabeth Cassidy
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