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Mortgage Market Update
My Mortgage Company
TiE South Coast - Orange County
Thursday, September 3, 2026
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Should you refinance your mortgage? |
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Hi there. This week I'm looking at one of the most common questions I hear: when does refinancing 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 Strategy
When a refi actually makes sense
Refinancing sounds great in theory—lower payments, less interest paid over time. But it only works if the math checks out for your situation. A refi makes sense when you'll stay in the home long enough to recoup closing costs through your monthly savings, or when you're building equity faster and want to tap into it strategically. Sometimes it doesn't pencil out, and that's okay to know upfront. The worst outcome isn't saying no to a refi; it's doing one that costs more than it saves. I can walk you through your specific numbers—no obligation, just clarity. Let's see if refinancing is actually a smart move for you right now. Reach out and we'll run the numbers 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
TiE South Coast - Orange County
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