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Mortgage Market Update
My Mortgage Company
Samuel Karengi
Thursday, September 3, 2026
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Does refinancing make sense right now? |
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There's a lot of noise about refinancing, but the real question is whether it pencils out for your home and your timeline. This week I'm breaking down how to think about it.
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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 a one-size-fits-all move. The real question isn't whether rates have dropped—it's whether refinancing will actually save you money over the time you plan to stay in your home. Sometimes the closing costs and reset timeline mean you're better off holding your current loan. Other times, a refi can lower your payment, shorten your term, or help you tap equity for something that matters. The best way to know? Run the actual numbers on your specific situation. That's where I come in. I can show you the true cost and benefit so you're making a decision based on facts, not just headlines about rates moving. Let's run a quick refinance analysis together and see if it 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 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
Samuel Karengi
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