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Mortgage Market Update
My Mortgage Company
Gonzalo Lopez
Thursday, September 3, 2026
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When should you actually refinance? |
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Hi there—this week I want to tackle a question I hear pretty often: is it time to refinance? The answer depends on your specific circumstances, not just the headlines.
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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
Refinancing isn't always the right move, even when rates shift. The real question is whether the monthly savings and long-term benefits outweigh the costs and time involved. Sometimes staying put is smarter than switching. I talk to homeowners all the time who wonder if now is their moment—and often it comes down to how long you plan to stay in your home and what your current loan terms look like. There's no one-size-fits-all answer, which is why it helps to sit down and run the actual numbers. If you've been curious about whether refinancing could work for you, I'd love to walk through it together. Let's talk through whether refinancing makes 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
Gonzalo Lopez
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