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Mortgage Market Update
My Mortgage Company
York Superior Mortgage Group
Thursday, September 3, 2026
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Should you refinance right now? |
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Hi there, I hope you're doing well. This week I want to talk about one of the questions I hear most often from homeowners like you.
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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 Strategy
When refinancing makes sense (and when it doesn't)
Refinancing isn't always the right move, even when rates shift. The decision really comes down to how long you plan to stay in your home and whether the savings justify closing costs. If you're thinking about moving in a few years, refinancing might not pay for itself. But if you're settled in and rates have moved meaningfully in your favor, it could put real money back in your pocket over time. The math is worth running, and that's exactly what I do. There's no obligation—just clarity on whether it makes sense for your situation. Let's look at your numbers together and see what a refi could mean 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
York Superior Mortgage Group
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