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Mortgage Market Update
My Mortgage Company
Tyson Wynia — Tyson Wynia
Thursday, September 3, 2026
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Your mortgage payment is stable—here's what isn't |
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Hi there,
I wanted to touch on something that catches a lot of homeowners off guard: while your loan payment stays the same, other parts of homeownership don't always hold steady.
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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
When your monthly payment changes—what to watch
Your mortgage payment is locked in, but other costs around homeownership can shift. Property taxes may increase, insurance premiums often rise, and if you're carrying a mortgage with less than 20% down, your PMI won't disappear on its own—you'll need to request its removal once you've built enough equity. Knowing what moves and what stays put helps you plan ahead and catch opportunities to lower your overall housing costs. If you're wondering whether it's time to revisit your loan or explore ways to trim expenses, I'm here to walk through your options. Let's talk about your situation and what might work best for 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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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
Tyson Wynia — Tyson Wynia
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