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Mortgage Market Update
Dawn Dawson
Dawn Dawson
Thursday, September 3, 2026
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Does refinancing work for you right now? |
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Hi there. One of the questions I hear most is whether someone should refinance. Let me share what I look at when we talk through that decision.
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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, even when rates drop or your situation changes. The real question is whether the benefits outweigh the cost and effort of starting a new loan. Sometimes staying put is smarter. I help borrowers think through what matters most—whether that's a lower monthly payment, a shorter payoff timeline, eliminating PMI, or tapping into equity for a specific goal. The math has to work for your situation, not just in theory. If you've been wondering whether now is your moment to refinance, I'm here to walk through the numbers with you. No pressure, just honest guidance. Reach out if you'd like to explore whether refinancing makes sense for you.
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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 Dawn Dawson team any time and we'll walk you through your options. |
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