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Mortgage Market Update
Angelo Mirville
Angelo Mirville
Monday, September 7, 2026
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Does refinancing make sense right now? |
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Not every rate movement means you should refinance. Let's talk about what actually matters when you're deciding.
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National Mortgage Rates · September 3, 2026
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Conventional 30-Year
6.71%
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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 a one-size-fits-all move. The real question isn't whether rates have dropped—it's whether the numbers work for your situation. Some borrowers benefit from a lower rate or shorter term; others find that closing costs and the time it takes to break even don't justify the switch. A few things worth considering: how long you plan to stay in your home, what your current rate and loan balance are, and whether you're building equity the way you want to. If you've been wondering whether now is your moment to refinance, I'd be happy to walk through the math with you. There's no obligation—just clarity. Reach out if you'd like to explore whether refinancing could work in your favor.
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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 Angelo Mirville team any time and we'll walk you through your options. |
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