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Mortgage Market Update
My Mortgage Company
ash ketchum
Thursday, September 3, 2026
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Should you refinance? Here's how to tell. |
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Hi there, I hope you're having a good week. Today I want to talk about one of the most common questions I get from homeowners.
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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 actually makes sense
Refinancing isn't right for everyone, and it's not something you should rush into. The real question is whether the benefit you'd gain—lower monthly payment, shorter loan term, or switching loan types—outweighs the costs and time involved. Sometimes a modest rate improvement doesn't pencil out. Other times, a refinance can genuinely free up cash flow or help you build equity faster. The answer depends on your specific situation: how long you plan to stay in your home, your current loan terms, and what you're trying to accomplish. That's why it's worth having a real conversation before committing to anything. If you're curious whether refinancing could work for you, I'm here to walk through the numbers without pressure.
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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
ash ketchum
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