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Mortgage Market Update
My Mortgage Company
Ryan Zamudio
Thursday, September 3, 2026
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Should you refinance? It's more nuanced than you think |
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Not every homeowner should refinance, and not every rate move creates an opportunity. Let me share what actually matters when you're deciding.
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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 (and when it doesn't)
Refinancing isn't always the right move, even when rates drop or your situation changes. The real question is whether the benefit outweighs the cost and time involved. Sometimes staying put is smarter than trading one loan for another. I talk to homeowners all the time who wonder if now is their moment—and honestly, it depends on your goals, how long you plan to stay in the home, and what you'd actually save. If you're curious whether refinancing could work for you, I'm happy to walk through the numbers and trade-offs without any pressure. There's no one-size-fits-all answer, which is why it's worth a real conversation. Reach out if you'd like to explore whether refinancing fits 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
Ryan Zamudio
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