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Mortgage Market Update
Guillermo Ley
Guillermo Ley
Thursday, September 3, 2026
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What's your interest rate actually costing you? |
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Hi there. This week I want to talk about one number that quietly shapes your entire mortgage picture.
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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
The one number that changes everything
When you're a homeowner, your interest rate matters more than you might think—not just at closing, but for years to come. That rate determines how much of each payment goes toward principal versus interest, which affects how quickly you build equity and how much total interest you'll pay over the life of your loan. If your rate has shifted since you bought, or if you're simply curious where you stand, it's worth understanding what you're paying. The good news: knowing your rate and how it compares to today's market is the first step toward making smarter decisions about your mortgage. Whether that means refinancing, paying down principal faster, or simply understanding your options, information is power. Let's talk about your rate and what it means for your financial picture.
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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 Guillermo Ley team any time and we'll walk you through your options. |
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