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Mortgage Market Update
My Mortgage Company
Tamara Kammo
Thursday, September 3, 2026
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Should you refinance your mortgage? |
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Hi there, I hope this week is off to a great start. I wanted to share some thoughts on a question I hear fairly often: is now a good time to 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 (and when it doesn't)
Refinancing isn't right for everyone, and it's not right all the time. The main reason people refinance is to lower their monthly payment—either because rates have dropped or because they want to stretch the loan term. Some folks refinance to tap home equity for a major expense or to move from an adjustable rate to a fixed one. Before you refinance, think about how long you plan to stay in your home. There are costs involved—appraisal, processing, title work—and it takes time to recoup those through savings. I can walk you through the math on your specific situation and help you figure out whether refinancing pencils out for you right now. If you're curious whether refinancing could work in your favor, let's talk through your options.
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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
Tamara Kammo
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