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Mortgage Market Update
Steven Cooper
Steven Cooper
Thursday, September 3, 2026
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The easiest way to build equity faster |
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Hi there — I wanted to share something simple that can make a real difference in your homeownership journey.
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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 Money
Why paying extra on your mortgage matters
One of the most powerful things you can do as a homeowner is put extra money toward your principal when you can — even small amounts add up over time. Every dollar you pay above your regular payment goes directly to reducing what you owe, which means less interest paid overall and a faster path to owning your home free and clear. The beauty is that you stay flexible: you only do it when cash flow allows, and it genuinely changes the math of your loan. I've seen borrowers who commit to an extra payment or two per year shave years off their mortgage and save tens of thousands in interest. If you're curious about how a strategy like this would work with your specific loan, I'd love to walk you through the numbers. Let's talk about whether an accelerated payoff plan makes sense for your situation.
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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 Steven Cooper team any time and we'll walk you through your options. |
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1166 E Warner Rd, Suite 101P Gilbert, AZ 85296
480-720-4857 | https://artemismtg.com/
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