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Mortgage Market Update
My Mortgage Company
Summer Britt
Thursday, September 3, 2026
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Does refinancing make sense for you right now? |
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Hi there—this week I want to tackle a question I hear a lot: is it time to refinance? The answer isn't one-size-fits-all.
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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 does refinancing actually make sense?
I talk to homeowners regularly who wonder if refinancing is worth the effort. The truth is, it depends on your situation—not on any magic number or timeline. If your financial picture has changed since you got your mortgage (better credit, more income, significant home appreciation), refinancing might open doors that weren't available to you before. Even small changes in your rate environment can shift the math. The key is looking at the real costs and benefits for your specific loan, not just chasing a trend you heard about. If you're curious whether refinancing could work for you, I'm happy to walk through the numbers with no pressure. Sometimes it's the right move; sometimes it's not. Either way, you'll have clarity. Reach out if you'd like to explore whether refinancing fits your goals.
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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
Summer Britt
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