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Mortgage Market Update
My Mortgage Company
Anthony Alzate
Thursday, September 3, 2026
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Should you refinance right now? |
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Hi there—with so much changing in the mortgage world, I'm fielding a lot of questions about whether now is the time to refinance. Let me walk you through how to think about it.
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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 refi makes sense (and when it doesn't)
Refinancing isn't always the right move, even when rates drop or your situation changes. The real question is whether the benefit you'd gain—a lower monthly payment, a shorter loan term, or access to cash—outweighs the cost and time to close a new loan. Some borrowers break even in a few months; others take years. If you're thinking about it, I look at your specific numbers: how long you plan to stay in the home, what you'd pay in closing costs, and what your new payment would actually be. There's no one-size-fits-all answer, but there's always a right answer for your situation. Let's talk through whether it makes sense for you. Reach out and we can run the numbers together—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 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
Anthony Alzate
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