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Mortgage Market Update
My Mortgage Company
Colin Whitermore
Thursday, September 3, 2026
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Should you refinance your mortgage? |
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There's a lot of noise around refinancing, but the real question is whether it makes sense for you. Let's keep it simple.
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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 for your situation
Refinancing isn't always the right move, but it's worth understanding when it could help. Some borrowers benefit from a lower rate, while others find value in shortening their loan term or switching from an adjustable to a fixed rate. The best reason to refinance is personal to your goals — whether that's lowering your payment, building equity faster, or gaining peace of mind with rate certainty. Before you decide, it helps to know what your current loan looks like and what's available to you now. I'm happy to walk through the pros and cons for your specific situation, no pressure or obligation. If you'd like to explore whether refinancing could work for you, let's talk.
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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
Colin Whitermore
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