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Mortgage Market Update
My Mortgage Company
Lindsay Kinniburgh
Thursday, September 3, 2026
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Should you refinance your mortgage? |
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Every borrower's situation is different, and what works for one household might not work for another. This week I want to talk about refinancing and help you figure out if it's the right move for you.
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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 best when your goals and the numbers align. Some borrowers refinance to lower their monthly payment, others to shorten their loan term or escape an adjustable rate. The key is understanding what you're trying to accomplish and whether the benefits outweigh the costs involved. Interest rates, your current loan terms, how long you plan to stay in your home, and your credit profile all factor into whether it makes financial sense. If you've been thinking about refinancing but aren't sure where to start, I'm happy to walk through your specific situation and show you what your options look like. Reach out anytime—there's no obligation to explore what a refinance could do 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
Lindsay Kinniburgh
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