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Mortgage Market Update
My Mortgage Company
Lending Pad
Thursday, September 3, 2026
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Does refinancing make sense right now? |
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Refinancing gets a lot of buzz, but it's not one-size-fits-all. Here's what you need to know before you decide.
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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 actually makes sense
Refinancing isn't always the right move — but sometimes it's worth a real conversation. The main reasons people refinance are to lower their monthly payment, shorten their loan term, or tap into home equity for a major expense. Each situation is different, though. What works for your neighbor might not work for you, depending on how long you plan to stay in your home, current market conditions, and your personal financial goals. I always recommend doing the math before you commit. If you're wondering whether it might be worth exploring, I'm happy to walk through the numbers with you — no pressure, just clarity. Let's talk through whether refinancing could work for your situation.
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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
Lending Pad
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