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Mortgage Market Update
My Mortgage Company
Sean Ewbank
Thursday, September 3, 2026
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Should you refinance? Let's look at the math. |
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Not every rate move calls for action. This week I want to help you think through when a refinance actually works in your favor.
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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 refinancing makes sense (and when it doesn't)
Refinancing isn't always the right move, even when rates look attractive. The real question is whether the savings over time justify the closing costs and the reset of your loan term. If you're deep into your mortgage and rates drop significantly, it might make sense. But if you're already a few years in and rates are only slightly lower, you could end up paying more interest overall. I always recommend looking at the full picture: your current rate, how long you plan to stay in the home, and what new loan terms would actually cost. That's where we can sit down together and run the real numbers for your situation. Curious whether refinancing pencils out for you? Let's walk through it together.
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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
Sean Ewbank
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