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Mortgage Market Update
My Mortgage Company
Xpert Home Loans - Sheila Garcia
Thursday, September 3, 2026
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Should you refinance? Here's how to tell |
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Hi there,
This week I want to talk about refinancing—not whether everyone should do it, but how to figure out if it makes sense for *you*.
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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
Refinancing isn't a one-size-fits-all move—it works best when your specific circumstances line up the right way. Maybe you've built equity, your credit has improved, or you want to shorten your loan term. Other times, the numbers just don't work out in your favor. The key is understanding what you'd actually save (or spend) by refinancing, and whether that benefit justifies the process. If you've been wondering whether it's worth exploring, I'd be happy to walk through your situation without pressure or obligation. Reach out anytime—I can give you a straight answer about whether refinancing is worth considering right now.
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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
Xpert Home Loans - Sheila Garcia
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