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Mortgage Market Update
My Mortgage Company
Rebel Rate Mortgage
Thursday, September 3, 2026
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Refinancing might be worth a second look |
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Hi there. This week I'm covering a topic that comes up often: when and why refinancing makes sense.
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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 for your home
Refinancing isn't just about chasing lower rates—it can also help you shorten your loan term, switch from an adjustable to a fixed rate, or tap equity you've built for major expenses. The key is understanding your own situation: how long you plan to stay in the home, what your current loan terms are, and whether the numbers work in your favor. Some people refinance once; others never do. There's no one-size-fits-all answer, which is why it's worth a conversation with someone who knows your loan inside and out. If you've been wondering whether a refinance might benefit you, I'd love to walk through the possibilities. Let's talk about 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
Rebel Rate Mortgage
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