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Mortgage Market Update
My Mortgage Company
Adelina Hanson
Thursday, September 3, 2026
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Should you refinance? Here's what to consider |
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Hi there. This week I want to talk about something I hear about constantly: refinancing. Let me break down when it actually pencils out.
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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 a refi makes sense (and when it doesn't)
Refinancing isn't always the right move, even when rates shift. The real question is whether the savings from a lower rate—or a shorter loan term—will outweigh what you'll pay in closing costs. Sometimes staying put is the smarter choice. I find that borrowers who run the numbers beforehand sleep better at night. A few things matter: how long you plan to stay in your home, your current loan balance, and your credit profile now versus when you first bought. If you're curious whether refinancing could work for you, I'm happy to walk through the math. No obligation—just honest talk about what might save you money. Reach out if you'd like to explore whether refinancing fits 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
Adelina Hanson
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