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Mortgage Market Update
My Mortgage Company
Financial Mortgage Corp
Thursday, September 3, 2026
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Does refinancing make sense for your situation? |
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Refinancing headlines pop up every week, but the decision is personal and specific to your home and finances. This week I want to share what really matters when you're considering a refi.
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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 does refinancing actually make sense?
Refinancing isn't always the right move, even when rates look favorable. The key is understanding your own situation—how long you plan to stay in your home, what your current loan terms are, and whether the monthly savings justify the costs involved. Some borrowers benefit immediately; others need to stay in the home longer to break even. I help clients run the real numbers so they're not guessing. If you've been wondering whether refinancing could work for you, I'm happy to walk through the specifics of your loan and show you what the actual picture looks like. No pressure, just clarity. Reach out if you'd like me to review your refinance options 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 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
Financial Mortgage Corp
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