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Mortgage Market Update
My Mortgage Company
One Stop Financial Group
Thursday, September 3, 2026
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What's your credit score telling lenders? |
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Hi there. This week I'm sharing something that comes up in almost every conversation I have with borrowers—and it's often more important than people realize.
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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 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 lenders look at when you apply for a mortgage. A higher score can mean access to better loan terms, while a lower one might limit your options or cost you more over time. If you're planning to buy, refinance, or just want to know where you stand, it's worth understanding what goes into that score and whether there are opportunities to strengthen it before you apply. Small improvements can add up to real savings. I'd be happy to walk you through what lenders see and talk about your specific situation. Let's chat about where your credit stands and what it might mean for your borrowing power.
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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 My Mortgage Company team any time and we'll walk you through your options. |
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Your Mortgage Advisor
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My Mortgage Company
One Stop Financial Group
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