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Mortgage Market Update
Kaitlyn Kaczmar
Kaitlyn Kaczmar
Thursday, September 3, 2026
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The real cost of your mortgage |
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Hi there. This week I want to shift focus from what you pay monthly to what you'll pay overall—and why that distinction matters more than you might think.
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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 Money Habits
Why your mortgage payment matters less than your total cost
When you're looking at a loan, it's easy to focus on the monthly payment—that's the number that hits your budget every month. But here's what I've learned: the payment is only part of the picture. The real question is what you'll pay in total over the life of the loan, and how that affects your finances five, ten, or twenty years from now. Small differences in rate, term, or down payment can add up to thousands of dollars. That's why it's worth sitting down and looking at the whole story, not just the number due on the first of the month. If you'd like to see how different loan scenarios compare over time, let's talk.
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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 Kaitlyn Kaczmar team any time and we'll walk you through your options. |
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