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Mortgage Market Update
My Mortgage Company
Lucy Thornton
Thursday, September 3, 2026
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Does refinancing make sense for you right now? |
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Hi there. This week I want to tackle a question I hear often from homeowners.
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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 you
A lot of homeowners wonder if refinancing is worth the effort. The honest answer: it depends on your situation. If rates have moved meaningfully lower since you locked in your loan, or if your credit has improved, refinancing might lower your monthly payment or shorten your timeline to owning your home free and clear. But there are costs involved—closing costs, appraisal fees, title work—so the math has to work in your favor. The best move is to run the numbers with someone who can look at your specific loan, timeline, and goals. That's where I come in. I can walk you through whether refinancing makes sense right now or if you're better off staying put. Let's talk through your refinancing options and see what fits your plan.
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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
Lucy Thornton
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