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Mortgage Market Update
Dusty Feller
Dusty Feller
Thursday, September 3, 2026
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When rates move, here's what to consider |
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Hi there. Rates are always on the move, and I wanted to share a quick reality check on what that actually means for you and your home.
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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 shift
Rate movement happens—sometimes it catches people by surprise, and they're not sure what it means for their situation. Here's the practical truth: when rates move up, your monthly payment on a new loan would be higher. When rates move down, the opposite is true. But here's what matters more than the direction: whether your current rate and loan still make sense for your goals. If you've been thinking about your mortgage but weren't sure whether to act, a rate shift is often a good time to take stock. I can walk you through what's changed and whether it opens or closes any doors for you. Let's talk about what these rate moves mean for your specific 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 Dusty Feller team any time and we'll walk you through your options. |
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