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Mortgage Market Update
Swift Mortgage
Swift Mortgage
Thursday, September 3, 2026
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Should you think about refinancing right now? |
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Hi there — with so much change happening in the mortgage world, I wanted to share some clarity on a question I hear often.
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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 for your situation
I talk with homeowners all the time who wonder if refinancing is worth it. The truth is, it depends on your goals. Some people refinance to lower their monthly payment, others to shorten their loan term or tap into home equity for a major project. The math works differently for each scenario, and there's no one-size-fits-all answer. What matters is understanding your break-even point — how long you plan to stay in the home, what your current loan looks like, and what you're trying to accomplish. I'm happy to walk through the numbers with you and show what refinancing could look like in your case. Reach out if you'd like to explore whether refinancing makes sense for 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 Swift Mortgage team any time and we'll walk you through your options. |
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