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Mortgage Market Update
My Mortgage Company
Pacific Roots Lending Team
Thursday, September 3, 2026
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Should you refinance? Here's how to tell. |
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Homeownership brings new choices every year. Sometimes the best move is staying put — and sometimes it's time to revisit your loan.
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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 your mortgage?
Refinancing isn't always the right move, but it can be smart when your situation changes. Maybe rates have dropped enough to lower your payment, or you want to switch from a variable to a fixed rate for peace of mind. Some borrowers refinance to shorten their loan term and build equity faster, while others extend it to free up monthly cash flow. The key is weighing the costs of refinancing against what you'd save over time — and making sure the math actually works for your goals. I'm happy to run the numbers with you and see if it's worth exploring. Let's talk through whether refinancing makes sense for you right now.
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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
Pacific Roots Lending Team
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