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Mortgage Market Update
Chad Holsted
Chad Holsted
Thursday, September 3, 2026
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What a rate change actually means for you |
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Hi there. Mortgage rates move constantly, and I want to make sure you understand what that really means for your home buying or refinancing plans.
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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
What changes when rates move
Interest rates and monthly payments are connected, but not always in the way people expect. When rates shift, it affects how much house you can afford, what your payment looks like, and sometimes even which loan program makes the most sense for your situation. The relationship isn't one-to-one—small rate changes can mean meaningful differences in what you qualify for and what you'll pay over time. If you're shopping, refinancing, or just curious where you stand, it's worth understanding how rate movement actually touches your wallet and your options. Let's talk through what rate movement means for your specific situation.
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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 Chad Holsted team any time and we'll walk you through your options. |
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