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Mortgage Market Update
My Mortgage Company
Joshua Morales
Thursday, September 3, 2026
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Does refinancing make sense right now? |
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Not every rate movement means you should refinance. This week I'm breaking down what actually matters when you're thinking about it.
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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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Refinance Strategy
When refinancing makes sense (and when it doesn't)
Refinancing isn't always the right move, even when rates look appealing. The real question is whether the long-term benefit outweighs the upfront cost and time. Some borrowers benefit from a lower rate or shorter loan term; others are better off staying put. A few things that matter: how long you plan to stay in your home, your current loan balance, and how your new payment would actually hit your monthly budget. I'd rather see you make a clear-eyed decision than chase a rate that looks good on paper but doesn't make sense for your situation. Let's talk through the numbers together and see what actually works for you. Reach out and we can walk through whether refinancing pencils out for your specific loan.
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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
Joshua Morales
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