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Mortgage Market Update
My Mortgage Company
Juan Carlos Vila
Thursday, September 3, 2026
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Should you refinance? Here's how to tell. |
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Refinancing can be a smart move, but only if it aligns with your timeline and goals. Let's talk about how to know whether it's worth it.
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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 a refi makes sense (and when it doesn't)
Refinancing isn't always the right move, even when rates drop. The math depends on how long you plan to stay in your home, how much you'd save on your monthly payment, and the closing costs involved. Sometimes a lower rate pencils out beautifully. Other times, you'd break even after five or seven years—and if you might move before then, it doesn't pay. I help borrowers work through these numbers honestly, without pressure. The goal is figuring out what actually works for your situation, not just chasing a lower number on paper. If you're wondering whether refinancing makes sense for you, I'd be happy to run the numbers and walk you through it.
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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
Juan Carlos Vila
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