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Mortgage Market Update
Jeff Naylor
Naylor Home Loans powered by Barrett Financial Group
Thursday, September 3, 2026
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New home sales cool down, pending deals slip |
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The summer housing market is showing some real challenges for buyers. Here's what the latest data means for your wallet and your timeline.
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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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Loan Programs
What loan program is right for your situation?
Not all mortgages are created equal, and the best loan for your neighbor might not be the best for you. Some borrowers benefit from fixed rates that lock in predictability; others find adjustable options work better for their timeline. First-time buyers have different needs than repeat homeowners. The right choice depends on your down payment, how long you plan to stay in the home, your comfort with payment changes, and your financial goals. I work with borrowers every week who discover they qualify for programs they didn't know existed — and it often changes the picture. If you're buying soon, refinancing, or just curious whether your current loan is still the best fit, let's talk through the options available to you.
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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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Mortgage News Daily
New home sales dropped sharply in July after gaining ground in June, and inventory is climbing. Builders are facing the same headwinds you are: mortgage rates remain elevated and home prices are putting real pressure on monthly payments.
| Key takeaway: more inventory might eventually give buyers more negotiating room, but affordability will stay tight until rates move lower. |
Read full article →
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Mortgage News Daily
Residential construction pulled back in July with starts dropping 12.4%, but building permits actually rebounded. That mixed signal suggests builders are cautious right now but may be positioning for stronger activity down the road.
| Key takeaway: fewer homes being built today could mean tighter inventory tomorrow, which may support prices but limit your shopping choices. |
Read full article →
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Mortgage News Daily
Signed contracts on existing homes fell 2.3% in July and are now at their lowest point in over a year. Elevated mortgage rates and record-high prices continue to cool buyer enthusiasm across the market.
| Key takeaway: fewer pending sales suggest less urgency to buy right now, which may give you more time to get your finances and strategy in order. |
Read full article →
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HousingWire
While Austin is down 5% and Denver down 3.4% year-over-year, Reno's housing market is actually up 2.1% through July. Location matters more than ever as regional economic differences create very different buyer experiences.
| Key takeaway: your local market may not follow national trends, so focus on what's actually happening in your area when deciding to buy or sell. |
Read full article →
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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 Jeff Naylor team any time and we'll walk you through your options. |
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4800 NW Camas Meadows Drive Ste 260, Camas, WA 98607
503-358-6551 | www.naylorhomeloans.com
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