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Mortgage Market Update
My Mortgage Company
Stephanie Devlin
Thursday, September 3, 2026
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Does refinancing make sense for you? |
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Homeownership brings a lot of decisions, and one that comes up often is whether to refinance. This week I want to help you think through when it's actually worth doing.
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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 refinancing actually make sense?
Refinancing sounds appealing when rates drop or when you want to tap into your home's equity, but it's not always the right move. The real question is whether your new loan saves you money after closing costs, or whether it gets you closer to a goal that matters—like paying off your mortgage sooner or freeing up monthly cash flow. Sometimes staying put is the smarter choice. I help clients run the actual numbers so we know whether refinancing moves you forward or just costs you money. If you've been wondering whether now is your moment, let's talk through your specific situation and see what the math says. Reach out and we can walk through whether refinancing makes sense for you right now.
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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
Stephanie Devlin
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