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Mortgage Market Update
Brandt Myers
Brandt Myers
Thursday, September 3, 2026
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Ready to stop renting? |
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Hi there. This week I wanted to focus on something I hear a lot: people who are ready to buy but aren't sure where to start.
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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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First-Time Buyer
Getting ready to buy? Start here.
If you're thinking about buying your first home, the path forward doesn't have to feel overwhelming. The right mortgage loan officer can walk you through what you actually need — from understanding your budget and credit readiness, to learning which loan programs make sense for your situation, to knowing what to expect at closing. Most first-time buyers benefit from a simple conversation early on, before they fall in love with a house. That way, you know exactly what you can afford and what lenders will approve, and you can move fast when you find the right place. Reach out if you'd like to talk through your first-home plans — no pressure, just clarity.
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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 Brandt Myers team any time and we'll walk you through your options. |
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