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Mortgage Market Update
My Mortgage Company
Teli.AI
Thursday, September 3, 2026
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Does refinancing make sense right now? |
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Hi there. This week I want to tackle a question I hear often from homeowners thinking about their next move.
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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 actually makes sense
A lot of homeowners ask me whether they should refinance, and the answer really depends on your situation. Refinancing can lower your monthly payment, shorten your loan term, or help you tap into equity—but it's not automatic that it will save you money. The costs to refinance (appraisal, title, processing) have to be worth the benefit you're getting. That's why it matters to run the real numbers based on how long you plan to stay in your home and what rates look like today compared to your current loan. I'm happy to walk through the math with you, no pressure. Let's talk through whether refinancing fits your goals—reach out anytime.
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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
Teli.AI
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