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Mortgage Market Update
My Mortgage Company
Andrew Malm
Thursday, September 3, 2026
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Should you refinance your mortgage right now? |
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Hi there,
This week I want to tackle a question I hear a lot: when is refinancing actually worth 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 refinancing makes sense (and when it doesn't)
Refinancing isn't always the right move, even when rates shift in your favor. The real question is whether the monthly savings justify the costs and time involved in a new loan. I help borrowers run the numbers to see if refinancing actually pencils out for their situation — sometimes it does in months, sometimes it takes years, and sometimes it's better to hold steady. If you've been thinking about whether now is a good time to look at your options, I can walk you through what refinancing would mean for your payment, timeline, and bottom line. There's no obligation, and it helps to have the facts in front of you before deciding. Let's talk about whether refinancing makes sense for you.
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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
Andrew Malm
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