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Mortgage Market Update
Jim Hoggan
Jim Hoggan
Thursday, September 3, 2026
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When rate movement actually matters to you |
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Hi there,
I've had a lot of questions lately about whether now is the right time to move. Let me share what I'm seeing.
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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 Moves
What to do when rates drop (and when they don't)
Rate movements can feel unpredictable, and it's natural to wonder whether you should act. Here's the honest truth: not every rate shift calls for a major move. Sometimes a small dip isn't enough to justify closing costs. Other times, a modest improvement in your monthly payment or loan terms makes real sense. The key is running the actual numbers for your specific situation—not chasing every headline or waiting for a "perfect" moment that may never come. Whether you're thinking about refinancing, buying now, or just staying put, I can help you see what makes financial sense for you. There's no one-size-fits-all answer, which is why a straightforward conversation is worth your time. Reach out and we'll walk through your options together.
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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 Jim Hoggan team any time and we'll walk you through your options. |
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