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Mortgage Market Update
Taylor Henderson
Taylor Henderson
Thursday, September 3, 2026
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Does refinancing actually save you money? |
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Hi there. This week I want to clear up some confusion around refinancing—specifically, when it's worth doing and when it's better to hold tight.
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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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Refinance Strategy
When refinancing makes sense (and when it doesn't)
Refinancing isn't always the right move, even when rates drop. The real question is whether the benefits outweigh the costs and how long you plan to stay in your home. Sometimes a lower rate saves you money over time; sometimes the closing costs and timeline work against you. I help clients run the actual numbers—not just chase the headline rate. If you've been thinking about refinancing but aren't sure it pencils out, let's talk through your specific situation. There's no one-size-fits-all answer, and I'd rather give you honest guidance than push a loan that doesn't serve you. Reach out if you'd like to explore whether refinancing makes sense for your circumstances.
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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 Taylor Henderson team any time and we'll walk you through your options. |
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