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Mortgage Market Update
My Mortgage Company
Eddie Berengue — Edge Home Finance
Thursday, September 3, 2026
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When your payment feels like too much |
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Hi there—this week I want to talk about something I hear more often than people realize: the weight of a payment that doesn't quite fit anymore.
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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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Payment Planning
When your budget feels tight, know your options
Life changes fast. A job transition, growing family, or unexpected expense can make your current mortgage payment feel like a stretch—even if you've been managing fine for years. The good news is you're not stuck. Depending on your situation, you might have flexibility through loan modifications, payment adjustments, or even a refinance to a longer term. The key is talking to someone who knows your full picture before stress builds up. I've helped borrowers navigate tighter months by exploring what actually works for their life right now, not just what looked good on paper five years ago. If your payment is feeling tight, let's talk through what options might fit your real 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 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
Eddie Berengue — Edge Home Finance
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