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Mortgage Market Update
My Mortgage Company
Affluent Mortgage LLC
Thursday, September 3, 2026
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Does refinancing make sense right now? |
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Hi there. Markets shift, and so do your options. This week I want to talk about when refinancing actually pays off.
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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 a rate drop is worth the paperwork
Not every rate movement calls for a refi—sometimes the closing costs and time involved don't make financial sense. But there are moments when refinancing can genuinely improve your situation, whether by lowering your monthly payment, shortening your loan term, or switching from an adjustable to a fixed rate. The key is running the numbers: how much you'd save each month versus what you'd pay upfront, and how long you plan to stay in the home. I'm happy to walk through a quick analysis with you, no obligation. If the math works, we can move forward. If it doesn't, at least you'll know you made an informed decision. Let me know if you'd like me to crunch the numbers for your specific situation.
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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
Affluent Mortgage LLC
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