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Mortgage Market Update
My Mortgage Company
Javier Martinez
Thursday, September 3, 2026
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Should you refinance your mortgage? |
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Hi there. With so much mortgage advice floating around, it helps to cut through the noise and focus on what actually applies to you.
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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, but it's worth understanding when it might work for you. The main reason people refinance is to lower their monthly payment or shorten their loan term—but there are other reasons too, like switching from an adjustable rate to a fixed one, or tapping into home equity for a big expense. The key is running the numbers: what will you save, and how long will it take to recoup closing costs? Sometimes refinancing makes perfect sense. Sometimes it doesn't. I can help you figure out which camp you're in by looking at your specific loan and situation. If you've been wondering whether refinancing deserves a closer look, let's talk it through. Reach out if you'd like to explore whether refinancing could work 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
Javier Martinez
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