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Mortgage Market Update
My Mortgage Company
Top Home Mortgage
Thursday, September 3, 2026
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Should you consider refinancing? |
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Hi there. I wanted to touch base about something I get asked about regularly—and it's rarely a simple yes or no.
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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 right now—whether you want to lower your monthly payment, shorten your loan term, tap into equity, or move away from an adjustable rate. Some borrowers benefit immediately; others need to stay put. There are costs involved in refinancing, so it's worth doing the math on your specific scenario. If you've been wondering whether it could work for you, I'm happy to walk through the numbers without any pressure. A good conversation often makes the answer clear. If you'd like to explore whether refinancing makes sense for your home, reach out and we can talk through it together.
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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
Top Home Mortgage
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