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Mortgage Market Update
Eric Maza
Eric Maza
Thursday, September 3, 2026
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What moves your mortgage payment? |
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Hi there. Sometimes borrowers hear "your payment might change" and wonder what that really means. Let me break it down for you.
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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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Payment Planning
Why your mortgage payment might change
If you have an adjustable-rate mortgage or a loan with an escrow account, it's worth understanding what can cause your monthly payment to shift. ARM rates adjust on a schedule — sometimes after years of stability. Escrow accounts cover taxes and insurance, which can go up when your county reassesses your home or your insurance renews. Neither of these surprises you if you're aware they're possible. The good news: knowing what drives these changes gives you time to plan ahead, ask questions, and explore options like refinancing into a fixed rate if that makes sense for your situation. Let's talk about your loan structure and what to expect down the road.
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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 Eric Maza team any time and we'll walk you through your options. |
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