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Mortgage Market Update
Scott Adams
Scott Adams
Thursday, September 3, 2026
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Rate changes and what they mean for you |
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Hi there. This week I want to explain something that comes up in nearly every conversation I have with clients.
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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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Rate Environment
What happens to your payment when rates move
I get asked this often: if rates go up or down, does my current loan change? The short answer is no—if you have a fixed-rate mortgage, your payment stays the same for the life of the loan. But rate movement matters for anyone thinking about their next step, whether that's refinancing, buying again, or pulling equity from their home. When rates shift, it changes what's possible for you financially. A small move in rates can mean a meaningful difference in monthly payment, or whether a new purchase fits your budget. Understanding how rates affect your options—today and down the road—helps you make decisions with confidence. I'm here to walk through what any rate environment means for your specific situation. Let's talk about how today's rate picture affects your goals.
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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 Scott Adams team any time and we'll walk you through your options. |
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