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Mortgage Market Update
My Mortgage Company
Stephanie Pena
Thursday, September 3, 2026
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Thinking about refinancing? Start here. |
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Hi there — I want to make sure you're not leaving money on the table. This week, let's talk about refinancing and when it actually works 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 does it make sense to refinance?
Refinancing isn't right for everyone, and it's not always about chasing the lowest rate. The real question is whether the benefits you'd gain—a lower payment, a shorter loan term, or switching from adjustable to fixed—are worth the cost and time involved. Sometimes keeping your current loan is the smarter move. If you've noticed rates have shifted, your credit has improved, or your home has gained value, it might be worth a conversation. I can walk you through the numbers specific to your situation and help you decide if refinancing makes sense for you. Reach out and we can 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
Stephanie Pena
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