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Mortgage Market Update
My Mortgage Company
Secured Lending Group
Thursday, September 3, 2026
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Should you refinance? Let's do the math. |
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Sometimes the smartest money move isn't the obvious one. This week I want to help you think clearly about refinancing—when it makes sense and when it doesn't.
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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
When does refinancing actually make sense?
Refinancing isn't always the right move—even when rates drop. The real question is whether the benefit you'll receive outweighs the costs and time it takes to close a new loan. If you're planning to stay in your home long enough to recoup those costs through lower monthly payments, refinancing can be smart. But if you're thinking of selling in a few years, the math might not work in your favor. I help borrowers run through this calculation so there are no surprises. If you've wondered whether refinancing is worth it for your situation, let's talk through the numbers together. I'm happy to walk you through how refinancing could work for you.
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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
Secured Lending Group
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