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Mortgage Market Update
My Mortgage Company
Andrea Twyman
Thursday, September 3, 2026
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Do you know where your payment is really going? |
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Every month you're paying your mortgage, but are you clear on what that payment actually covers? Let me break it down.
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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
What your mortgage payment really tells you
Your monthly mortgage payment is more than just a bill—it's a window into your financial health. When rates move or your situation changes, that payment number stays the same unless you refinance, but what it represents shifts underneath. Understanding what portion goes toward principal versus interest, and how that ratio evolves over time, helps you see the real progress you're making in building home equity. It's also the baseline you use to decide whether a refinance makes sense, or whether accelerating payments might fit your budget. Knowing this number cold—and what it covers—puts you in control of your own decision-making. If you'd like to review what your payment breakdown looks like or talk through your options, I'm here to walk through it with you.
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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
Andrea Twyman
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