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Mortgage Market Update
My Mortgage Company
Kevin Kryger
Thursday, September 3, 2026
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Does refinancing pencil out for you? |
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Every homeowner's financial life is different. What works for your neighbor might not work for you — and that's especially true when refinancing enters the conversation.
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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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Smart Timing
When refinancing makes sense (and when it doesn't)
Refinancing isn't always the right move, even when rates drop or your situation changes. The real question is whether the benefits outweigh the costs and the time you plan to stay in your home. If you're thinking about selling in a few years, refinancing might not pay for itself. But if you're settled in and your credit has improved, or rates have moved meaningfully lower, it could free up monthly cash or shorten your loan term. The math is different for everyone, which is why it's worth running the numbers with someone who knows your full picture. Let's talk through whether refinancing makes sense for your situation 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 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
Kevin Kryger
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