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Mortgage Market Update
My Mortgage Company
Case Tripp
Thursday, September 3, 2026
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Does refinancing make sense right now? |
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Not every opportunity to refinance is worth taking. This week, I'm breaking down how to 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—and when it doesn't
Refinancing isn't always the right move, even when rates look attractive. The real question is whether the monthly savings will outweigh closing costs and the time you plan to stay in your home. If you're considering a refinance, I walk borrowers through a simple timeline: How long until your new loan pays for itself? Sometimes the answer is "not worth it." Other times, refinancing unlocks real savings or lets you tap equity for a major project. The best way to know is to run the actual numbers on your specific loan. I'm here to help you sort through what makes sense for your situation. Let's talk through the math together and see if refinancing deserves a second look. 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
Case Tripp
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