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Mortgage Market Update
My Mortgage Company
Oltin Roshi
Thursday, September 3, 2026
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Does refinancing make sense for you? |
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Hello! This week I want to talk about refinancing—not whether you should do it right now, but how to figure out if it's even worth considering.
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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 (and when it doesn't)
A lot of homeowners ask me if they should refinance, and honestly, the answer depends on your specific situation—not just what rates are doing. Refinancing can lower your payment, shorten your loan term, or help you tap into equity for a major project. But it also comes with closing costs and a new loan timeline, so it only pencils out if you'll stay in the home long enough to break even on those costs. I always run the numbers both ways so you can see the real picture. If you've been thinking about refinancing but aren't sure whether it makes sense for you right now, let's talk through your options. Reach out anytime—I'm happy to walk through whether refinancing could work for your 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
Oltin Roshi
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