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Mortgage Market Update
My Mortgage Company
Kayleigh Williamson - For Deletion
Thursday, September 3, 2026
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Does refinancing make sense for you? |
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Homeownership is full of decisions, and some of the biggest ones aren't flashy—they're just solid. This week I want to talk about one that comes up a lot.
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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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Smart Money
When refinancing makes sense—and when it doesn't
Refinancing gets a lot of attention, but it's not the right move for everyone. The math depends on how long you plan to stay in your home, what rates look like compared to your current loan, and whether closing costs make sense for your situation. Some borrowers build real wealth by refinancing; others save money by staying put. I help clients run the numbers honestly so they can decide based on their own timeline and goals, not just because rates moved. If you've been wondering whether refinancing could work for you, I'm happy to walk through your specific scenario with no pressure or sales pitch. Reach out if you'd like to explore whether a refinance could benefit your financial picture.
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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
Kayleigh Williamson - For Deletion
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