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Mortgage Market Update
My Mortgage Company
Armond Ohan
Thursday, September 3, 2026
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Should you refinance? Let's find out. |
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Hi there. Rates moving around can make you wonder whether refinancing is worth it. This week, I want to share how to tell the difference between a good refi opportunity and a distraction.
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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 Basics
When a refi makes sense (and when it doesn't)
Refinancing sounds great in theory—lower your rate, cut your payment, build equity faster. But it's not always the right move. A refi makes sense when rates have dropped enough to justify the cost and time, and when you plan to stay in your home long enough to break even. If you're thinking about selling in a few years, or if rates have barely budged, the math might not work in your favor. I always recommend looking at your full picture: your current rate, how long you've owned the home, your credit profile, and your plans for the next several years. These factors matter more than chasing a headline rate. If you're curious whether refinancing could actually benefit you, I'm happy to walk through the numbers with no pressure. Give me a call or send me a message, and I'll help you figure out if a refi is worth your time.
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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
Armond Ohan
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