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Mortgage Market Update
My Mortgage Company
Kelly Cutter
Thursday, September 3, 2026
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Should you refinance your mortgage? |
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I get asked often whether now is a good time to refinance. The honest answer is: it depends on your circumstances.
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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 does it make sense to refinance?
Refinancing isn't one-size-fits-all, and the right move depends on where you are in your loan and what your goals are. Some borrowers refinance to lower their monthly payment, others to shorten their loan term or tap into home equity for a major expense. The key is understanding your break-even point—how long you'd need to stay in the home for the savings to outweigh the upfront costs. Market conditions matter, but so does your personal timeline. If you're thinking about a move in the next few years, refinancing might not pencil out. I'm happy to walk through the numbers specific to your situation and help you decide if it's worth exploring right now. Reach out and we can discuss whether refinancing could work for your 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
Kelly Cutter
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