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Mortgage Market Update
My Mortgage Company
Andy Zamora
Thursday, September 3, 2026
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Should you consider refinancing? |
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Hi there. One of the questions I hear most often is whether now's a good time to refinance. The answer depends on your goals and your timeline—let me explain.
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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 it makes sense to refinance your mortgage
Refinancing isn't just about chasing lower rates—sometimes it's about changing the terms of your loan to fit where you are now. Whether you want to shorten your payoff timeline, lock in stability, or tap into equity for a major expense, refinancing can be a smart move if the math works in your favor. The key is understanding what you're trying to accomplish and whether the costs involved make sense for your situation. I'd be happy to walk through the numbers with you and show you what refinancing might look like for your specific loan. Let's talk through 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
Andy Zamora
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