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Mortgage Market Update
My Mortgage Company
Solymar Gonzalez
Thursday, September 3, 2026
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Does a refinance pencil out for you? |
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Rates shift, life changes, and sometimes your loan terms can too. This week I'm breaking down how to know if refinancing is worth your while.
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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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Smart Refinancing
When refinancing makes sense for your situation
Refinancing isn't one-size-fits-all, and it's not always the right move—even when rates shift. The real question is whether the monthly savings (or other benefits like switching loan terms) justify the closing costs and time involved. Some borrowers come out ahead in months. Others take years to break even. Your timeline matters: if you're staying in the home long enough for the math to work, refinancing can free up cash or help you pay off the loan faster. I'd rather walk you through the actual numbers for your loan than guess. If you've been curious whether now is your moment, let's talk through what makes sense for where you are. Reach out, and we can run the numbers together.
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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
Solymar Gonzalez
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