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Mortgage Market Update
My Mortgage Company
Hayley Shams
Thursday, September 3, 2026
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Should you refinance? Here's how to tell |
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Hi there. This week I want to talk about one of the most common questions I hear — and why the answer is almost never a simple yes or no.
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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 benefit you'd gain — a lower rate, shorter loan term, or switching loan types — outweighs what you'd pay to refinance. Sometimes it does. Sometimes it doesn't. I help clients run the real numbers so they can decide with confidence instead of guessing. If you've been thinking about refinancing but aren't sure it pencils out, I'm happy to walk through your specific situation with no pressure. There's no one-size-fits-all answer, and that's worth a conversation. Reach out if you'd like to explore whether refinancing could work 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 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
Hayley Shams
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