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Mortgage Market Update
My Mortgage Company
Gabrielle Theoharis
Thursday, September 3, 2026
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Should you refinance? Here's how to tell. |
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Hi there—I hope this week finds you well. I wanted to tackle a question I hear pretty often from past clients and new friends alike.
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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 does refinancing actually make sense?
I talk to homeowners all the time who wonder if refinancing is worth it. The truth is, it depends on your situation—how long you plan to stay in your home, what your current loan terms are, and where rates stand relative to your rate. Some people break even in months; others it takes years. There's no one-size-fits-all answer, which is exactly why it's worth a conversation. I can walk through your numbers and help you figure out whether refinancing would genuinely benefit you, or if your money is better spent elsewhere right now. If you've been curious about refinancing, let's talk through whether it makes sense for your home.
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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
Gabrielle Theoharis
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