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Mortgage Market Update
Adele Krsek
Adele Krsek
Thursday, September 3, 2026
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Rate moves and your monthly payment |
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Rates are always moving, and that affects more than just the interest you pay. This week, let's look at the real impact on your wallet.
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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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Payment Planning
How rate changes affect your monthly mortgage
When mortgage rates move, people often focus on the big picture—but what really matters is your monthly payment. Even small rate shifts change what you owe each month, which affects your budget and long-term savings. Understanding this relationship helps you make smarter decisions about when to lock in a rate, whether refinancing makes sense, or how much home you can comfortably afford. I'm here to walk you through how the numbers actually work for your situation, so you can plan with confidence. Let's talk through what rate movements mean for your specific loan.
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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 Adele Krsek team any time and we'll walk you through your options. |
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