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Mortgage Market Update
My Mortgage Company
Jason Inmon
Thursday, September 3, 2026
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Should you consider refinancing this year? |
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Not every homeowner needs to refinance, but many should at least check whether it's worth considering. This week I'm sharing when a refinance typically pencils out.
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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 loan?
Refinancing isn't always the right move, but there are a few situations where it's worth exploring. If rates have dropped meaningfully since you closed, or if your financial picture has improved — better credit score, more stable income, or a longer time horizon — a refinance could lower your payment or shorten your loan term. Even if rates haven't moved much, refinancing can make sense if you want to switch from an adjustable to a fixed rate, tap equity for a major expense, or consolidate debt. The key is comparing the costs of refinancing against the long-term savings. I'd be happy to run the numbers with you and show what refinancing might look like in your situation. Let's talk about 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
Jason Inmon
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