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Mortgage Market Update
My Mortgage Company
Seth Domnarski
Thursday, September 3, 2026
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Does refinancing make sense right now? |
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Hi there. This week I want to cover one of the most common questions I hear — when should you actually consider refinancing your mortgage?
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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
Refinancing isn't just about chasing lower rates — sometimes it's the right move for other reasons. Maybe you want to shorten your loan term, switch from an adjustable to a fixed rate, tap your home's equity for a major project, or simply consolidate debt. Each situation is different, and the math changes depending on how long you plan to stay in your home and what today's rates and terms look like compared to your current loan. If you've been wondering whether refinancing could work for you, I'm happy to run the numbers and show you what the real impact would be on your monthly payment and long-term costs. There's no obligation — just honest guidance based on your specific circumstances. Give me a call or send a message, and we can talk through whether refinancing fits your goals.
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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
Seth Domnarski
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