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Mortgage Market Update
My Mortgage Company
Shelly Molina
Thursday, September 3, 2026
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Should you refinance? Here's how to know |
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Not every homeowner benefits from refinancing, and that's okay. Let me walk you through the real factors that decide whether it makes sense 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 Strategy
When it makes sense to refinance your mortgage
Refinancing isn't a one-size-fits-all decision, and it's not always about chasing the lowest rate. The real question is whether refinancing saves you money over the time you plan to stay in your home. Sometimes a rate drop justifies the closing costs and time involved. Other times, you might refinance to shorten your loan term, switch from adjustable to fixed, or tap into equity for a major expense. The math changes depending on your situation—how long you've owned the home, what you owe, your credit, and your plans for the future all matter. That's why it's worth having a conversation before you decide. If you're wondering whether refinancing could work for you, let's talk through your specific situation.
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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
Shelly Molina
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