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Mortgage Market Update
My Mortgage Company
David Gentile
Thursday, September 3, 2026
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Should you think about refinancing? |
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Hi there — I'm sharing practical mortgage insights every week to help you make confident decisions about your home. This week, let's talk about refinancing and when it actually makes sense.
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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 refinancing makes sense for your situation
Refinancing isn't one-size-fits-all — it works for some homeowners and not for others, depending on your goals and timeline. Some people refinance to lower their monthly payment, others to shorten their loan term or tap into equity for a major expense. The key is understanding what you're trying to accomplish and whether the numbers actually work in your favor. If you've been in your home a while, owned it outright, or seen your credit improve, a conversation about refinancing might be worth your time. I can walk you through the basics, show you what your options might look like, and help you decide if it's the right move. No pressure — sometimes the answer is to stay put, and that's okay too. Reach out if you'd like to explore whether refinancing could work for 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
David Gentile
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