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Mortgage Market Update
My Mortgage Company
VestaLending
Thursday, September 3, 2026
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Should you refinance? Let's find out |
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Hi there. I wanted to circle back on something I hear about often: the question of whether now is the right time to refinance.
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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 refinancing makes sense for you
Refinancing isn't one-size-fits-all, and it's not always the right move. The key is understanding your own situation: how long you plan to stay in your home, what your current loan terms are, and what refinancing might actually cost versus what it could save. Sometimes a lower rate makes sense; sometimes staying put does. I help borrowers run the real numbers so they can make a clear decision without guesswork. If you've been wondering whether refinancing is worth exploring, I'd like to walk through your specific scenario with you. Let's talk through whether refinancing could work 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
VestaLending
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