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Mortgage Market Update
My Mortgage Company
AJM Mortgage, Inc.
Thursday, September 3, 2026
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Should you refinance right now? |
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Sometimes the smartest financial move is knowing when not to move. Let's talk about refinancing and whether it fits your goals.
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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 Strategy
When does refinancing actually make sense?
Refinancing isn't always the right move—even when rates drop. The real question is whether the monthly savings justify closing costs and resetting your loan term. If you're planning to stay in your home for several more years, refinancing could put real money back in your pocket each month. But if you're thinking about selling or moving soon, those upfront costs might not pay for themselves. The math is different for everyone, and it's worth running the numbers on your specific situation before you decide. I'm happy to walk through whether refinancing makes sense for you—just reach out.
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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
AJM Mortgage, Inc.
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