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Mortgage Market Update
Jacquie Saldana
Jacquie Saldana
Thursday, September 3, 2026
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What's really driving your monthly payment |
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Hi there. Every week I work with people who discover that their mortgage payment includes more than they initially thought.
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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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Smart Money
Why your payment might feel heavier than expected
When you're shopping for a home or thinking about refinancing, it's easy to focus on the interest rate alone. But your actual monthly payment depends on several factors working together—the rate, your loan term, your down payment, and property taxes and insurance in your area. Two borrowers with the same rate can have very different payments. Understanding what drives that number helps you plan a realistic budget and avoid surprises after closing. If your payment feels higher than you expected, or you're wondering whether a different loan structure might work better for your situation, I'm here to walk through the real numbers with you. Let's talk through what your payment would actually look like.
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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 Jacquie Saldana team any time and we'll walk you through your options. |
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