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Mortgage Market Update
My Mortgage Company
Shane Braninburg — Shane Braninburg
Thursday, September 3, 2026
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Your mortgage payment is only half the story |
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I spend a lot of time talking about rates and payments, but there's something equally important I want to share.
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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
Why your mortgage payment matters less than you think
I talk to homeowners who focus entirely on their monthly payment—and that's understandable. But here's what I've learned: the payment is just one piece of the real picture. What actually moves the needle on your financial health is how much principal you're paying down each month, how your equity is growing, and whether your loan terms align with your long-term plans. Two people can have the same payment but very different outcomes over ten years. That's why I always encourage clients to look beyond the number on the bill and ask the bigger questions: Am I building wealth at the pace I want? Could a different loan structure serve my goals better? Understanding the full story helps you make smarter choices about your home and your money. Let's talk through what your mortgage is really doing for you—reach out anytime.
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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
Shane Braninburg — Shane Braninburg
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