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Mortgage Market Update
My Mortgage Company
Kaden Harris — Kaden Harris CRM
Thursday, September 3, 2026
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When rates move, your payment moves too |
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Rate changes ripple through your mortgage in ways that aren't always obvious. Here's what you should know.
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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 Planning
What happens to your budget when rates shift
Rate changes affect more than just your interest rate—they reshape what you can afford. When rates move, the monthly payment on the same loan amount changes too. This matters whether you're shopping for a home, thinking about refinancing, or just curious where you stand. Understanding how rates and payments connect helps you make smarter decisions about timing and loan choice. If you're considering a move or refinance soon, I'd be happy to walk through what today's environment means for your specific situation. Let's talk through how current conditions fit your plan.
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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
Kaden Harris — Kaden Harris CRM
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