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Mortgage Market Update
My Mortgage Company
Garrison Groeschke
Thursday, September 3, 2026
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Does refinancing make sense right now? |
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Hi there. Rates move, and when they do, refinancing questions come up. But here's what matters more than the rate itself.
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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
When does refinancing actually make sense?
Refinancing isn't always the right move, even when rates look attractive. The real question is whether your new loan will save you money over the time you plan to stay in your home—factoring in closing costs, your current loan balance, and how much longer you'll own the property. Sometimes a refinance makes perfect financial sense; sometimes you're better off staying put. The only way to know is to run the actual numbers with someone who understands your specific situation. If you've been curious whether a refinance could work for you, I'm happy to walk through the math without any pressure. Let's figure out if it's worth your while. Reach out and we can review whether refinancing makes sense 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
Garrison Groeschke
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