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Mortgage Market Update
Cat Barnett
Cat Barnett
Thursday, September 3, 2026
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Your home's value and what it means for you |
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Home values move constantly. I wanted to walk you through why that matters and what it could mean for your mortgage options.
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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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Affordability Check
What changes when your home value shifts
Your home's value isn't just a number on a Zillow estimate—it directly affects what you can do with your mortgage. When home values in your area move, your options change too. You might find yourself with more borrowing power through a cash-out refinance, or discover that a HELOC becomes available to you. On the flip side, if values soften, it's worth understanding how that shapes your next steps. The key is knowing where you actually stand. I'd encourage you to reach out so we can run the numbers on your specific situation and talk through what makes sense given today's market and your goals.
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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 Cat Barnett team any time and we'll walk you through your options. |
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(720) 300-6777 | www.LoanFIT.us
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