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Mortgage Market Update
My Mortgage Company
Matthew Rizzolo
Thursday, September 3, 2026
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Should you refinance? Here's how to decide. |
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Not every rate drop means you should refinance. This week, I'm breaking down how to know when it actually pencils out 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 Strategy
When refinancing makes sense (and when it doesn't)
Refinancing isn't always the right move, even when rates drop. The key is whether your savings over time outweigh the cost to refinance. This depends on how long you plan to stay in your home, your current loan terms, and how much you've already paid toward principal. I talk to homeowners regularly who assume refinancing is free—it isn't. But for the right person at the right time, it can genuinely improve your financial picture. If you've been wondering whether it's worth exploring for your situation, I'd like to walk through the numbers with you. Let's talk through whether refinancing makes sense for your specific 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 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
Matthew Rizzolo
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