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Mortgage Market Update
My Mortgage Company
Future Mortgage (For Deletion)
Thursday, September 3, 2026
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Does your mortgage still fit your life? |
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Hi there. This week I want to talk about one of the most common questions I get: whether it makes sense 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 Basics
When refinancing makes sense for your situation
Refinancing isn't right for everyone, but it can be smart if your circumstances have changed. Maybe your credit score has improved since you bought, or you've built substantial equity and want to tap into it for a project. Sometimes a shorter loan term makes sense if you're further along in your mortgage. The key is understanding what you're trying to accomplish—whether that's lowering your monthly payment, paying off your loan faster, or accessing cash. I'm happy to walk you through the math on your specific loan to see whether refinancing could work in your favor. Reach out anytime—I can review your options with no pressure or obligation.
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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
Future Mortgage (For Deletion)
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