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Mortgage Market Update
My Mortgage Company
The Loan Lady Club
Thursday, September 3, 2026
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Should you refinance? Let's do the math. |
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Hi there. This week I want to clear up a common question I hear from homeowners.
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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 a refinance actually makes sense
A lot of homeowners ask me whether they should refinance, and my answer is always: it depends on your specific situation. Refinancing isn't a one-size-fits-all move. The math changes based on how long you plan to stay in your home, what your current loan terms are, and where rates sit relative to your rate. Sometimes refinancing saves real money over time. Other times, the costs outweigh the benefit. I'm here to run the numbers with you and show you whether it pencils out for your particular loan. If you've been curious about whether now is your moment, let's talk through it. Reach out and we can walk through 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
The Loan Lady Club
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