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Thursday, September 3, 2026 |
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Mortgage Market Update
What does a rate change mean for you
Hi there. Interest rates move regularly, and I want to make sure you understand how that affects your mortgage and your budget.
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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
What happens to your mortgage when rates shift
Rate changes affect homeowners differently depending on the type of loan you have. If you're locked into a fixed rate, your monthly payment stays the same—that's the security of fixed-rate mortgages. But if you're considering an adjustable-rate loan, or wondering what rate movement means for your finances, it's worth understanding how it works. Even small rate shifts can change the monthly payment down the road, which is why some people choose to refinance before adjustments kick in. The key is knowing your loan type and thinking ahead about what you can comfortably afford. I'm happy to walk you through your specific situation and what to watch for. Let me know if you'd like to review your loan details and discuss what a rate change could mean for your household.
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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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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 Melanie Hadley Lending Team team any time and we'll walk you through your options.
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(512) 799-8117
Melanie Hadley Lending Team · Unsubscribe
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