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Mortgage Market Update
My Mortgage Company
925 E Windsor Dr
Thursday, September 3, 2026
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Does refinancing make sense for you? |
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When rates shift or life changes, refinancing gets back on people's radar. But not every homeowner should do it — and that's worth figuring out now.
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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 Strategy
When refinancing makes financial sense
A lot of homeowners wonder if they should refinance, but the real question is whether it pencils out for your situation. Refinancing isn't always the right move — it depends on how long you plan to stay in your home, what your current loan terms are, and how much you'd save each month. Sometimes the closing costs take years to recoup. Other times, the math works in your favor almost immediately. I help clients run these numbers so you can make a decision based on facts, not just the feeling that rates might be better. If you've been thinking about it but aren't sure, let's talk through what makes sense for you. If you're curious whether refinancing could benefit you, reach out and we can walk through the details together.
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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
925 E Windsor Dr
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