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Mortgage Market Update
My Mortgage Company
Q Mortgage
Thursday, September 3, 2026
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Does refinancing work for your situation? |
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Sometimes the best financial move is knowing when *not* to make one. This week, I want to walk you through how to think about refinancing in a way that actually serves your long-term plans.
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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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Refinance Readiness
When does refinancing actually make sense?
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. If you've built equity, improved your credit, or rates have shifted meaningfully, it might be worth exploring. But if you're planning to move in a few years, the monthly savings may not justify the closing costs. I help borrowers run the real numbers—not just the marketing promise—so you can decide with confidence. If you're wondering whether now's the moment to make a move, let's talk through your specific situation. Reach out and we can walk through whether refinancing fits your timeline and goals.
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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
Q Mortgage
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