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Mortgage Market Update
Craig Heitz
Craig Heitz
Thursday, September 3, 2026
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Has anything changed for you lately? |
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Hi there. I want to check in about something that matters: how well your mortgage is working for you right now.
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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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Home Affordability
When your budget shifts, your options do too
Life changes fast—job transitions, family growth, unexpected expenses. When your financial picture shifts, it's worth asking whether your current mortgage still fits. Maybe you're carrying a higher rate than you'd like, or your monthly payment has become tighter than it used to be. The good news is that you have options, whether that's refinancing to better terms, tapping into equity you've built, or exploring programs you might not have qualified for before. The first step is always a conversation about where you stand today and what might work for your situation now. Reach out anytime you'd like to talk through where things stand.
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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 Craig Heitz team any time and we'll walk you through your options. |
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