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Mortgage Market Update
My Mortgage Company
Jerry Siegel
Thursday, September 3, 2026
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Does refinancing make sense for you right now? |
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Thinking about your mortgage options? Some weeks the right move is obvious—other weeks it takes a closer look.
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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 shift. The real question is whether the benefit of a lower rate—or shorter loan term, or cash-out access—justifies the cost and time involved. Some borrowers see immediate value; others find they'd break even years down the road. The calculus depends on your timeline, how long you plan to stay in the home, and what you'd do with extra cash flow. If you're curious whether refinancing could work for your situation, I'm happy to walk through the numbers with you. There's no obligation—just a clear picture of whether it makes financial sense. Give me a call or email if you'd like to explore whether refinancing fits your goals.
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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
Jerry Siegel
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