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Mortgage Market Update
My Mortgage Company
Sue Barry
Thursday, September 3, 2026
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Should you refinance? Here's how to know. |
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Hi there. I help a lot of homeowners decide whether refinancing is the right next step. Today I wanted to share how to think about it clearly.
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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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Refinance Strategy
When refinancing makes financial sense
Refinancing isn't one-size-fits-all, and it's not always the right move. The decision depends on a few key factors: how long you plan to stay in your home, your current loan terms, what rates are doing, and your credit profile today. Sometimes refinancing saves money over time; sometimes the costs outweigh the benefit. I run the numbers with borrowers all the time to show what a refi would actually mean for their situation—not just the rate change, but closing costs, timeline, and monthly impact. If you've been wondering whether refinancing could work for you, I'd love to walk through the specifics without any pressure. Let's figure out if it makes sense. Reach out and we can do a quick refinance analysis together.
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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
Sue Barry
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