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Mortgage Market Update
My Mortgage Company
Jason Grantham
Thursday, September 3, 2026
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Should you refinance your mortgage? |
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Hi there—this week I want to talk about refinancing, and why the right time to do it depends entirely on your goals and circumstances.
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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 your situation
Refinancing isn't one-size-fits-all, and it's not always the right move. The decision really comes down to your goals and where you stand with your current loan. Some people refinance to lower their monthly payment, others to shorten their loan term or tap into home equity for a large expense. The catch is that refinancing comes with closing costs, so you want to make sure the benefits outweigh what you'll pay upfront. That's where the numbers matter—and they're different for everyone. If you've been wondering whether refinancing could work for you, I'd love to walk through your specific situation and show you what the real math looks like. Reach out anytime you'd like to explore whether refinancing might be a fit.
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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
Jason Grantham
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