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Mortgage Market Update
My Mortgage Company
Arizona Filmmakers
Thursday, September 3, 2026
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Does refinancing make sense for you? |
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I want to make sure you're making the most of your mortgage. This week, let's talk about when refinancing actually pencils out.
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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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Smart Refinancing
When does it make sense to refinance?
Refinancing isn't one-size-fits-all, and it's not always the right move. The decision really comes down to your specific situation: how long you plan to stay in your home, what your current loan terms are, and where rates stand relative to your rate. If you've built equity, improved your credit, or seen rates drop significantly, refinancing might lower your monthly payment or shorten your loan term. But there are costs involved, so it pays to do the math first. The longer you stay in the home, the more time you have to recoup those costs through savings. I'd love to walk through whether a refinance makes financial sense for you right now. Let's chat about whether refinancing could work in your favor.
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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
Arizona Filmmakers
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