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Mortgage Market Update
My Mortgage Company
Michael Hulse
Thursday, September 3, 2026
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Should you refinance? Here's what to consider |
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Hi there. This week I want to walk you through when refinancing makes sense—and when it might not.
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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 it make sense to refinance your mortgage?
Refinancing isn't one-size-fits-all, but there are a few solid reasons homeowners consider it. You might refinance to lower your monthly payment, shorten your loan term, switch from an adjustable rate to a fixed one, or tap your home's equity for a major expense. The key is understanding what you're trying to accomplish—and whether the costs involved make sense for your situation. If you've had a change in income, credit, or just want to explore your options, I'd be happy to walk through the numbers with you. Let's talk about whether refinancing could work for your home.
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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
Michael Hulse
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