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Mortgage Market Update
My Mortgage Company
Crafted Home Loans
Thursday, September 3, 2026
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Should you refinance your mortgage? |
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Hi there—this week I want to talk about one of the most common questions homeowners ask me: whether they should refinance.
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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 you
Refinancing isn't one-size-fits-all, and it's not always the right move—even when rates drop. The real question is whether the savings you'd get outweigh what you'd pay to refinance. Some people lower their monthly payment, others shorten their loan term to build equity faster, and some cash out equity for home improvements or expenses. I help borrowers run the numbers so you can see the actual benefit before you commit. If you've been thinking about it but aren't sure it's worth the effort, that's exactly what I'm here to walk through with you. Let me help you figure out if refinancing makes financial sense for your situation.
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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
Crafted Home Loans
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