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Mortgage Market Update
Angela Comstock
Angela Comstock
Thursday, September 3, 2026
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Why your rate matters more than you think |
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Hi there. This week I want to clear up something I hear a lot of confusion about.
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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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Monthly Payment Reality
What actually changes when rates move
When interest rates shift, the first thing borrowers ask is: how much more will I pay per month? It's a fair question, because your rate directly affects your payment. But here's what matters just as much: understanding *why* rates move helps you make better timing decisions. Rates respond to market conditions beyond anyone's control—economic data, inflation signals, Fed policy. Instead of trying to predict them, focus on what you can control: your credit profile, down payment size, and how long you plan to stay in your home. These factors often matter more to your long-term financial picture than catching rates at their absolute lowest point. If you'd like to walk through how rate changes would affect your specific situation, I'm here to help.
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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 Angela Comstock team any time and we'll walk you through your options. |
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