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Mortgage Market Update
My Mortgage Company
Christopher Larson
Thursday, September 3, 2026
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Does refinancing make sense right now? |
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Hello — this week I want to tackle a question I hear often: should I refinance? The answer depends on your goals and timeline, not just market conditions.
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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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Refinance Strategy
When refinancing makes sense (and when it doesn't)
Refinancing isn't a one-size-fits-all move. Some borrowers benefit from locking in a better rate or shortening their loan term. Others find that closing costs, a higher rate environment, or a short time horizon before selling make it less worthwhile. The real question isn't whether rates have moved — it's whether the math works for your specific situation. I look at factors like how long you plan to stay in the home, your current loan terms, and what you're trying to accomplish. If you've been wondering whether now is the right time to refinance, I'd like to run those numbers with you. Let's talk through your options without any pressure. Reach out and we can review whether refinancing makes sense for your circumstances.
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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
Christopher Larson
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