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Mortgage Market Update
Skyler McCurdy
Skyler McCurdy
Thursday, September 3, 2026
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What to do when rates feel too high |
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When the mortgage market shifts, your strategy might need to shift too. This week I want to share some practical moves that have helped borrowers move forward even in tougher rate environments.
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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
What to do when rates feel too high
I hear this often: rates have climbed, and now the monthly payment feels out of reach. Here's what I want you to know—you still have options. Some borrowers lock in a rate now and plan to refinance later when rates drop. Others adjust their loan term or explore different programs that might work better for their situation. A few find that a larger down payment shifts the math in their favor. The point is, a high rate environment doesn't mean you're stuck. It means we need to get creative and find the strategy that fits your timeline and goals. Let's talk through what makes sense for you. Reach out and we'll look at your options together—no obligation.
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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 Skyler McCurdy team any time and we'll walk you through your options. |
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