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Mortgage Market Update
My Mortgage Company
Robert Gleich
Thursday, September 3, 2026
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Should you refinance right now? |
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Hi there,
I get asked about refinancing a lot, and it's usually because people are curious whether it could help them. Let me break down when it makes the most sense.
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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 does refinancing actually make sense?
Refinancing isn't always the right move—it depends on your situation, how long you plan to stay in your home, and where rates are heading. Some people refinance to lower their rate and monthly payment. Others do it to tap into home equity for a large expense, switch from an adjustable to a fixed rate, or change their loan term. The catch is that refinancing costs money upfront, so you want to make sure the long-term benefit outweighs those costs. If you're wondering whether it's worth exploring for your circumstances, I'm happy to walk you through the numbers and show you what refinancing could mean for your budget. Let's talk about whether refinancing fits your goals.
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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
Robert Gleich
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