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Mortgage Market Update
My Mortgage Company
Trevor Rockett
Thursday, September 3, 2026
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Should you refinance? Let's look at your numbers |
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Hi there. This week I want to talk about one of the most common questions I hear: whether refinancing makes sense right now.
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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 makes sense (and when it doesn't)
Refinancing sounds simple—replace your old loan with a new one—but the real question is whether it makes financial sense for you right now. The math depends on how long you plan to stay in your home, what your current rate is, and where rates have moved. Sometimes refinancing saves you real money over time. Other times, the costs outweigh the benefit, especially if you're only a few years into your loan. I help clients run the numbers because every situation is different. There's no one-size-fits-all answer, and that's exactly why it's worth talking through before you decide. If you've been wondering whether now is the right time, I'm happy to walk you through your options. Reach out if you'd like to explore 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
Trevor Rockett
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