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Mortgage Market Update
My Mortgage Company
Tim Finn
Thursday, September 3, 2026
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Should you refinance? Let's find out. |
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Hi there. This week I want to talk about refinancing—not whether you should, but how to tell if you should.
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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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Refinance Readiness
When refinancing makes sense (and when it doesn't)
Refinancing isn't always the right move, even when rates shift. The real question is whether your new loan will save you money over the time you plan to stay in your home. Sometimes a lower rate still doesn't pencil out after closing costs. Other times, switching loan types—say, from adjustable to fixed—buys you peace of mind that's worth more than the math alone. I help borrowers run the numbers honestly, no pressure either way. If you've been wondering whether refinancing could work for you, let's talk through your specific situation. There's no obligation, just clarity. Reach out, and we can walk through whether a refi makes sense for your goals.
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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
Tim Finn
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