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Mortgage Market Update
My Mortgage Company
Pooja Oberoi
Thursday, September 3, 2026
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Refinancing: is it worth it for you? |
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I field a lot of questions about refinancing — and with good reason. It's one of the most impactful moves a homeowner can make. This week, I want to cut through the noise and help you figure out if it makes sense for your situation.
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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 Refinancing
When does refinancing actually make sense?
Refinancing isn't a one-size-fits-all move, and I want to help you think it through clearly. The decision depends on where rates are relative to your loan, how long you plan to stay in your home, and what your actual costs would be. Sometimes lower rates mean real savings; sometimes the fees and time involved don't pencil out. A few conversations with me can show you the real math for your specific situation — no guessing required. If you've been wondering whether now is your moment to refinance, or if you'd benefit from exploring a different loan program altogether, I'm here to walk through the numbers with you. Reach out and we can run a quick scenario 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
Pooja Oberoi
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