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Mortgage Market Update
My Mortgage Company
Kristina Graham
Thursday, September 3, 2026
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Does refinancing make sense right now? |
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Hi there. Sometimes the best financial move is stepping back and asking whether a popular option actually fits your life. This week, let's talk about refinancing.
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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—even when rates shift in your favor. The real question is whether the long-term savings justify the costs and effort of a new loan. A shorter loan term, lower monthly payment, or removing mortgage insurance are common reasons people refinance, but your timeline and financial goals matter most. If you're planning to stay in your home for several more years and curious whether a refinance could work for you, I'd love to walk through the numbers. There's no obligation—just a conversation about what makes sense for your situation. Reach out anytime, and we can talk through whether refinancing fits your plans.
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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
Kristina Graham
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