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Mortgage Market Update
My Mortgage Company
Jacquelyn Piatt
Wednesday, September 16, 2026
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Does refinancing make sense right now? |
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Hi there—some weeks I get a lot of questions about whether it's time to refinance. Here's what I tell people.
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National Mortgage Rates · September 10, 2026
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Conventional 30-Year
6.76%
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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 actually makes sense
Refinancing isn't always the right move, but sometimes it solves a real problem. The most common reasons I see are lowering your monthly payment, shortening your loan term, or switching from an adjustable rate to a fixed one. The catch is that refinancing comes with its own costs—and it takes time to break even. That's why the math matters. If you're thinking about it, the conversation is worth having. I can walk you through whether your situation makes the numbers work and what your actual timeline to savings would look like. Let's talk about whether refinancing makes sense for you.
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Tip of the Week
Gift funds from family can be used toward a down payment on most loan types — your lender will need a simple gift letter.
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Tips for Homeowners
VA Loans: Benefits Every Veteran Should Know
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1.
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VA loans require no down payment and no private mortgage insurance (PMI), making them one of the most powerful home-buying tools available to eligible veterans, active-duty service members, and surviving spouses.
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2.
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VA loans do require a funding fee (typically 1.25%–3.3% of the loan amount), which can be rolled into the loan. Veterans with a service-connected disability rating may be exempt from this fee.
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3.
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There's no VA loan limit for eligible borrowers with full entitlement — you can finance as much as a lender will approve. If you've had a prior VA loan, partial entitlement rules may apply.
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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
Jacquelyn Piatt
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