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Mortgage Market Update
My Mortgage Company
Amy Gargala
Thursday, September 3, 2026
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Should you refinance right now? |
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I field a lot of refinance questions — and not all of them lead to a "yes." This week, I'm sharing how to know if refinancing is actually right for your situation.
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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 actually makes sense
A lot of homeowners ask me whether they should refinance, and the honest answer is: it depends on your situation. Refinancing isn't always the right move, even when rates drop or your home value climbs. The math has to work for you — whether you're staying in your home long enough to recoup closing costs, whether a lower payment actually improves your financial picture, or whether a different loan type solves a real problem you're facing. I've also seen borrowers refinance into a worse position because they didn't think through the long-term picture. The good news is that clarity is just a conversation away. I can walk you through the numbers specific to your loan and help you decide if a refinance is worth pursuing right now. Let's talk through whether refinancing makes sense 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
Amy Gargala
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