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Mortgage Market Update
My Mortgage Company
Lazaro Toledo
Thursday, September 3, 2026
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Should you refinance your mortgage? |
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Rates and life circumstances both change. Here's how to know if refinancing is worth your time.
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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 (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 outweighs the cost—and the time you plan to stay in your home matters a lot. I talk to homeowners all the time who refinance without running the numbers first, and sometimes they're surprised by how long it takes to break even. The good news is this isn't complicated. If you've got equity, decent credit, and you're curious whether a refinance could lower your payment or help you pay off your loan faster, it's worth a conversation. I can show you what the math looks like for your specific situation and help you decide if it makes sense. Let's talk through your options—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
Lazaro Toledo
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