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Mortgage Market Update
My Mortgage Company
Mariasha Davidoff
Thursday, September 3, 2026
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Does refinancing make sense right now? |
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Hi there. Sometimes the smartest financial move isn't the one that sounds the most exciting—it's the one that actually fits your life.
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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 a refi makes sense (and when it doesn't)
Refinancing isn't always the right move, even when rates look attractive. The real question is whether the monthly savings will outweigh the costs and time it takes to break even on closing costs. Some borrowers benefit within months; others need years to come out ahead. It also depends on your plans—if you're selling or moving in a few years, a refi might not pencil out. I can walk you through the math on your specific loan and timeline so you're making a decision based on your situation, not just what you hear on the news. Ready to see if it makes sense for you? Let's talk through whether refinancing could work in your favor.
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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
Mariasha Davidoff
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