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Mortgage Market Update
Rachel Weaver
Rachel Weaver
Thursday, September 3, 2026
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Not all mortgages are created equal |
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Every homeowner I work with has different priorities and plans. This week, I want to touch on something that deserves more attention than it usually gets: the type of loan you choose.
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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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Loan Programs
Different loans, different results
Not all mortgages work the same way, and the loan you choose can shape your monthly payment and long-term costs more than you might realize. Some programs come with built-in flexibility—like the ability to pay down principal faster without penalty, or options to adjust your payment as your life changes. Others lock in simplicity and predictability from day one. The right fit depends on your financial goals, how long you plan to stay in your home, and what matters most to you right now. I'd be happy to walk you through the options and what each one could mean for your situation. Let's talk about which loan structure makes sense 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 Rachel Weaver team any time and we'll walk you through your options. |
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