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Mortgage Market Update
My Mortgage Company
Reagan Carter
Thursday, September 3, 2026
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Should you refinance your mortgage? |
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I talk to homeowners every week who wonder if refinancing could work for them. Let's look at what actually makes it worth doing.
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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 does refinancing actually make sense?
Refinancing isn't a one-size-fits-all move, and I see borrowers pull the trigger for different reasons. Some refinance to lower their monthly payment when rates drop. Others tap into equity for a major expense or to consolidate debt. A few refinance to switch from an adjustable rate to a fixed rate for peace of mind. The key is understanding what you're trying to accomplish—and whether the costs involved make sense for your timeline. If you're thinking about refinancing, I'd love to sit down and walk through the numbers specific to your situation. It's a conversation worth having before you decide. Give me a call or send a note if you'd like to explore 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
Reagan Carter
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