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Mortgage Market Update
Marc Pierannunzio
Marc Pierannunzio
Thursday, September 3, 2026
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Does refinancing actually pay off? |
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Not every rate drop triggers a refinance. Here's what actually matters when deciding whether to make a move.
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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 Strategy
When a rate drop is worth the paperwork
Not every rate movement means you should refinance. There's a real cost to the process—application fees, appraisals, title work—and it takes time. The question isn't whether rates fell; it's whether they fell enough to justify closing costs and reset your loan timeline. I help borrowers run the math to see if refinancing actually moves the needle for their situation. Sometimes it's a clear yes. Other times, waiting makes more sense. Either way, you deserve to know the real answer, not just a sales pitch. Let's talk through your numbers together. If you're wondering whether refinancing makes sense right now, I'd be happy to walk through the numbers with 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 Marc Pierannunzio team any time and we'll walk you through your options. |
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