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Mortgage Market Update
My Mortgage Company
Brandon Shelton
Thursday, September 3, 2026
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Does refinancing make sense for you? |
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Hi there — I wanted to share some honest thinking about refinancing this week. It can be a smart move, but only when the math actually works out in your favor.
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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)
Refinancing isn't always the right move, even when rates drop or your situation changes. The real question is whether your new loan will save you money over time — and that depends on how long you plan to stay in your home, how much you'll pay in closing costs, and what rate you qualify for today. Some borrowers refinance to lower their monthly payment or shorten their loan term. Others tap equity to fund a major expense. The key is running the numbers before you commit. I'm happy to walk you through a quick scenario to see if refinancing could actually work in your favor right now. Let's talk through whether a refinance makes sense 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
Brandon Shelton
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