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Mortgage Market Update
My Mortgage Company
Robbie Keach
Thursday, September 3, 2026
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Does refinancing make sense right now? |
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Hi there, I wanted to talk about something I hear a lot: whether now is a good time to refinance. The answer depends more on your personal situation than on interest rates alone.
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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 refi makes sense (and when it doesn't)
Refinancing isn't always the right move, even when rates look attractive. The real question is whether the savings over time outweigh the costs to refinance—and how long you plan to stay in your home. If you're thinking about moving within a few years, the math might not work. But if you're settled in and your situation has changed since you bought—better credit, more equity, different goals—a refinance could free up cash flow or shorten your timeline to owning your home free and clear. The only way to know is to run the numbers with someone who'll be honest about whether it's worth it for you. If you're curious whether refinancing could help your situation, I'm happy to walk through the numbers with you—no pressure.
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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
Robbie Keach
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