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Mortgage Market Update
My Mortgage Company
Jimmy Everetts
Thursday, September 3, 2026
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Should you refinance right now? |
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Hi there. This week I want to tackle a question I hear often: when is the right time to refinance your mortgage?
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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 appealing. The decision depends on how long you plan to stay in your home, what you'd pay in closing costs, and your current loan terms. If you're planning to move in a few years, the math might not work in your favor. But if you're staying put and your situation has changed—your credit has improved, rates have shifted, or you want to shorten your loan term—it could be worth exploring. I'm happy to run the numbers for you and show what refinancing would actually mean for your monthly payment and long-term savings. Let's talk about whether refinancing fits 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
Jimmy Everetts
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