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Mortgage Market Update
My Mortgage Company
Ascent Mortgage Partners
Thursday, September 3, 2026
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Does refinancing make sense for you? |
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Hi there—this week I want to talk about one of the most common questions I hear: whether now is a good time to refinance. The answer is almost never a simple yes or no.
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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 actually makes sense
Refinancing isn't always the right move—even when rates look attractive. The math depends on how long you plan to stay in your home, your current loan terms, and what you'd owe in closing costs. Sometimes a refinance pencils out beautifully; other times you're better off staying put. The key is running the real numbers for your specific situation, not just chasing a headline rate. If you've been wondering whether it's worth exploring, I'd like to walk through what a refinance would actually look like for you and whether it makes sense given your goals. Let's look at your numbers together and see if refinancing could work in your favor.
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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
Ascent Mortgage Partners
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