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Mortgage Market Update
Daniel Greer
Daniel Greer
Thursday, September 3, 2026
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Should you refinance? Let's find out. |
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Hi there — rates and life circumstances are always changing, and sometimes that creates an opportunity worth exploring.
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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 look attractive. The real question is whether the long-term savings justify the upfront costs and the time it takes to break even. I help clients think through this by looking at how long they plan to stay in the home, what their current loan terms are, and how a new rate would actually change their monthly payment and total interest over time. Sometimes refinancing pencils out beautifully. Sometimes staying put and making extra principal payments is the smarter path. There's no one-size-fits-all answer, which is exactly why it's worth a conversation. If you've been wondering whether now is your moment to refinance, I'd like to walk through the numbers with you. Let's talk about whether refinancing fits 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 Daniel Greer team any time and we'll walk you through your options. |
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