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Mortgage Market Update
My Mortgage Company
Josh Nastal
Thursday, September 3, 2026
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Should you refinance? Let's find out. |
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Hi there. This week I want to talk about refinancing—not whether you should do it, but how to figure out if you should.
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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
A lot of homeowners wonder if refinancing is worth the effort and costs. The truth is, it depends on your situation—how long you plan to stay in your home, what your current rate looks like compared to today's market, and what your loan terms are. Sometimes refinancing cuts years off your loan or lowers your payment meaningfully. Other times, the closing costs and time involved don't pencil out. I help clients run the real numbers so you're not guessing. If you've been curious but unsure, it's worth a conversation. There's no obligation, and clarity costs nothing. Reach out if you'd like me to walk you through whether refinancing makes sense for your loan.
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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
Josh Nastal
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