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Mortgage Market Update
Scott Carlin
TrueVet Mortgage
Thursday, September 3, 2026
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Should you refinance right now? |
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Sometimes the smartest money move is doing nothing at all. Other times, a change in rates opens a real opportunity—but you have to know which is which.
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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 a rate drop is actually worth it
Not every rate movement calls for a refinance. The real question is whether the long-term savings outweigh the costs and hassle of closing a new loan. That calculation is different for everyone—it depends on your current rate, how long you plan to stay in your home, and what's available to you right now. Some folks see a clear win; others find they're better off staying put. I run these numbers all the time, and it's worth having that honest conversation before you make a move. If you're wondering whether your situation makes sense to refinance, I'd like to walk through it with you.
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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 Scott Carlin team any time and we'll walk you through your options. |
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321-364-4461 | https://truevetmortgage.com/
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