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Mortgage Market Update
My Mortgage Company
Chandler Robbins
Thursday, September 3, 2026
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Your payment strategy matters as much as the rate |
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Hi there. I'm diving into something I discuss with nearly every client: the real relationship between rates, terms, and the payment that lands in your budget each month.
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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
Why your monthly payment matters more than you think
When you're shopping for a home or considering a refinance, it's easy to fixate on the interest rate. But here's what I see with my clients: the monthly payment is often what actually shapes your financial life. A rate that seems slightly higher might come with a loan structure that keeps your payment stable, or it could free up cash flow for other goals. Conversely, chasing the absolute lowest rate sometimes means a longer loan term that costs you more over time. The smartest borrowers think about their whole financial picture—not just today's rate, but how their housing payment fits into their budget for the next five, ten, or thirty years. Let's talk through what a payment structure would work best for you. I'd be happy to walk you through how different loan options would affect your monthly payment.
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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
Chandler Robbins
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