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Mortgage Market Update
My Mortgage Company
Roy Paeth
Thursday, September 3, 2026
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What's your credit score really doing? |
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Hi there. This week I want to focus on something that quietly shapes every loan offer you receive: your credit score.
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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 Borrowing
Why your credit score matters more than you think
Your credit score isn't just a number—it's one of the biggest factors that shapes what you can borrow and what you'll pay. Even small differences in your score can affect your interest rate, which ripples through your entire monthly payment and the total cost of your loan. If your score has improved since you last borrowed, or if you're thinking about a major purchase soon, it's worth understanding where you stand. A clearer picture of your credit now can help you make smarter decisions later—whether that's waiting a few months, paying down some balances, or moving forward with confidence. I'm happy to walk through what lenders see and what might help you get into a stronger position. Let me know if you'd like to talk through your credit profile and what it means for your borrowing power.
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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
Roy Paeth
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