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Mortgage Market Update
My Mortgage Company
Tera Taylor
Thursday, September 3, 2026
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Does refinancing make sense right now? |
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Mortgage decisions rarely have a one-size-fits-all answer. This week, I want to help you think clearly about refinancing—when it's worth it and when it's better to wait.
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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 always the right move, even when rates drop. The real question is whether the monthly savings justify closing costs and the time it takes to break even. If you're planning to stay in your home for several more years, refinancing can absolutely work in your favor. But if you're thinking of selling or moving soon, the math might not work out. I've seen borrowers rush into a refi without running the full picture—and end up ahead of where they started. Let's talk through your timeline and goals. I can show you whether refinancing would actually save you money in your situation, not just in theory. If you've been wondering whether now is the right time to refinance, I'd be happy to walk through the numbers with 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
Tera Taylor
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