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Mortgage Market Update
My Mortgage Company
Peyton Fullerton
Thursday, September 3, 2026
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Does refinancing make sense for you right now? |
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Hi there — I'm checking in with some honest thoughts on refinancing. It's one of the most common questions I hear, and the answer is rarely one-size-fits-all.
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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 real question is whether the long-term benefit outweighs your closing costs and the time you'll stay in your home. If you're planning to move in a few years, refinancing might not pencil out. But if you're settled and rates have shifted meaningfully since you borrowed, it's worth a conversation. I can walk you through the numbers specific to your loan and timeline — no obligation, just clarity. Many homeowners are surprised by how quickly a refinance pays for itself, while others realize their current loan is already in a good place. Let's run the numbers and see if refinancing makes sense for your situation.
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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
Peyton Fullerton
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