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Mortgage Market Update
My Mortgage Company
Chris Duskin
Thursday, September 3, 2026
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Does refinancing make sense for you right now? |
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Not every rate move means it's time to refinance. This week I want to share what actually matters when you're weighing that decision.
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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 shift. The real question is whether the long-term benefit outweighs your costs to refinance—things like appraisal fees, title work, and processing time. Sometimes staying put is smarter than chasing a slightly lower rate. That said, if you've built equity, improved your credit, or your financial situation has changed meaningfully, refinancing might unlock real value. I help clients run the actual numbers so they can decide with confidence, not just gut feeling. If you're wondering whether it's worth exploring for your situation, I'm here to walk through the math with you. Let's talk through whether refinancing could work for you.
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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
Chris Duskin
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