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Mortgage Market Update
Matthew Richardson
Matthew Richardson
Thursday, September 3, 2026
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Should you think about refinancing? |
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Home loans aren't static—and sometimes the smartest move is to revisit yours. This week, I'm breaking down when refinancing might actually pay off.
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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, and it's not always the right move. The key is understanding what you're trying to achieve. Some people refinance to lower their monthly payment, others to shorten their loan term or lock in stability when rates shift. Before you decide, it helps to look at how long you plan to stay in your home, what your current loan costs, and how a new loan would compare over time. There are genuine benefits for the right borrower—but also real costs to weigh carefully. That's where a conversation with me comes in. I can walk through your specific numbers and help you see whether refinancing actually works for your goals. Let's talk through whether a refi 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 Matthew Richardson team any time and we'll walk you through your options. |
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