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Mortgage Market Update
My Mortgage Company
Andrea WIlson — Andrea WIlson
Thursday, September 3, 2026
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Your payment might be easier than you think |
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Hi there. This week I want to talk about something that matters more than interest rates alone—what your actual monthly payment means for your life.
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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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Affordability Check
How payment changes affect your budget
When rates move, your monthly payment moves with them — sometimes by just a few dollars, sometimes by more. If you're thinking about buying, refinancing, or wondering whether now makes sense for your situation, understanding how payment shifts impact your actual budget is key. It's not just about the interest rate; it's about what you can comfortably carry each month without stretching yourself thin. A small change in rate can feel big when you're looking at 15 or 30 years of payments. That's why it's worth taking a real look at what your numbers are today and what they could be under different scenarios. Let's walk through your specific situation and see what works for your budget.
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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 WIlson — Andrea WIlson
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