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Mortgage Market Update
My Mortgage Company
Darwin Earl
Thursday, September 3, 2026
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One number that changes everything |
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Hi there—this week I want to focus on something that shapes your entire borrowing picture. Your credit score is more powerful than most people realize, and understanding it is the first step to getting a better deal.
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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 Borrowing
Why your credit score matters more than you think
Your credit score isn't just a number—it's one of the biggest factors that determines whether you qualify for a loan and what terms you'll get. Even small differences in your score can affect your rate, your monthly payment, and the total cost of borrowing over the life of a loan. If you haven't checked yours recently, now's a good time. Knowing where you stand helps you make smarter decisions about timing, whether you're buying your first home, refinancing, or planning ahead. I'm happy to walk you through what lenders look for and what you can do to strengthen your position. Let's talk about where your credit stands and what it means for your next move.
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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 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
Darwin Earl
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