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Mortgage Market Update
Denise Abarca
Denise Abarca
Thursday, September 3, 2026
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Your credit score—what lenders actually care about |
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Hi there. This week I want to touch on something that affects almost every conversation I have with borrowers: credit.
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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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Debt & 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 determines what loan programs you qualify for and what rate you'll get offered. Even small improvements in your score can open up better options and potentially lower your costs over the life of a loan. If you're thinking about buying, refinancing, or just want to understand where you stand, it's worth knowing your actual score and what's driving it. The good news is that credit scores aren't fixed; they move as your financial habits change. I'd be happy to walk you through what lenders see and what moves the needle. Reach out if you'd like to talk through your credit profile and what it means for your next move.
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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 Denise Abarca team any time and we'll walk you through your options. |
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