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Mortgage Market Update
Angela Maw
Angela Maw
Thursday, September 3, 2026
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Does your payment still fit your life? |
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I've noticed a lot of folks checking in about their monthly obligations as life evolves. Here's what homeowners sometimes forget: your mortgage can adapt.
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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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Affordability Check
When your budget needs a reality check
Life changes fast. A job shift, growing family, or unexpected expense can make you wonder if your current home payment still fits your life. The good news is that your options may be wider than you think. Depending on your situation, you might explore a longer loan term to ease monthly pressure, tap into home equity if you've built it, or simply review whether a refinance makes sense at today's rates. The point isn't to move heaven and earth—it's to make sure your mortgage is still working for you, not against you. If you're feeling stretched thin, let's talk through what's realistic. Reach out anytime you'd like to walk through your numbers together.
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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 Maw team any time and we'll walk you through your options. |
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