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Mortgage Market Update
My Mortgage Company
Ryan Harding — PLAY HARDING LLC
Thursday, September 3, 2026
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Why rates matter beyond your monthly payment |
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Hi there — this week I want to break down something that catches a lot of borrowers by surprise. Rate movements affect more than just the numbers on your statement.
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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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Affordability Shift
What changes when rates move
Rate changes ripple through your homeownership in ways that go beyond your monthly payment. When rates shift, it affects not just what you pay each month, but also how much home you can afford, how quickly you build equity, and whether refinancing makes sense down the road. Understanding these connections helps you make smarter decisions about timing, loan selection, and long-term strategy. Whether you're thinking about buying, refinancing, or just staying informed about your options, it's worth a conversation about how today's rate environment shapes your situation. Let's talk about what the current market means for your goals.
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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
Ryan Harding — PLAY HARDING LLC
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