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Mortgage Market Update
My Mortgage Company
Jared Fuller — Jared Fuller
Thursday, September 3, 2026
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Your monthly payment isn't set in stone |
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Hi there — mortgage rates are always moving, and that ripple effect touches more than just numbers on a screen.
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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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Home Affordability
What changes when rates move
When interest rates shift, your monthly payment moves with them — but a lot of people don't realize how much. Even a small change in rate can affect what you can afford to borrow, or what you'll pay over the life of a loan. If you're thinking about buying, refinancing, or just curious where your finances stand, it's worth understanding how rates touch your actual monthly budget. The good news is that rate moves are temporary, and your options usually are more flexible than they feel in the moment. I'd be happy to walk you through what a rate change means for your specific situation. Let's talk about how current rates affect your goals.
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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
Jared Fuller — Jared Fuller
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