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Mortgage Market Update
Stephen Bellew
Stephen Bellew
Thursday, September 3, 2026
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Should you refinance right now? |
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I get asked about refinancing almost every week—and my answer is always: it depends. Here's what really matters when you're weighing the decision.
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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 a refinance actually makes sense
Refinancing isn't always the right move, even when rates look attractive. The real question is whether the monthly savings or new loan terms will pay for the cost of refinancing before you plan to move or pay off the home. I walk borrowers through this math all the time—sometimes the answer is yes, sometimes it's no. The key is looking at your specific situation: how long you'll stay in the home, what you'd pay upfront, and whether your credit or income has changed since you bought. If you've been wondering whether now is your moment, let's talk through the numbers together. Reach out and we can run the numbers on your scenario with no obligation.
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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 Stephen Bellew team any time and we'll walk you through your options. |
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