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Mortgage Market Update
Jesse Yarpezeshkan
Jesse Yarpezeshkan
Thursday, September 3, 2026
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Should you refinance? Here's how to tell |
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Not every rate move or life change calls for a refinance. This week, I'm sharing the framework I use to help clients figure out if it's 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 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 savings justify the cost and time involved. Sometimes staying put is smarter than chasing a lower rate. We look at factors like how long you plan to stay in your home, your current loan balance, and what you'd pay in closing costs. If you've built equity or your financial picture has shifted, refinancing might unlock real value—but it deserves a honest conversation first. I'm here to run the real numbers and help you decide what actually works for your goals. Let's talk through whether refinancing pencils out for 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 Jesse Yarpezeshkan team any time and we'll walk you through your options. |
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