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Mortgage Market Update
Agostino (Augie) Iacono | Powered by Barrett Financial Group
Agostino (Augie) Iacono | Powered by Barrett Financial Group
Thursday, September 3, 2026
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Your payment matters more than you think |
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Hi there—this week I want to share something I've learned from years of helping people find the right mortgage.
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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 Habits
Why your mortgage payment matters more than the rate alone
When you're shopping for a loan or thinking about refinancing, it's easy to fixate on the interest rate. But here's what I see happen: borrowers chase the lowest rate and miss the bigger picture. Your actual monthly payment depends on the rate, yes—but also on the loan term, any points you pay upfront, and what you're borrowing. A slightly higher rate on a 15-year loan might mean a lower overall cost than a lower rate spread over 30 years. The best loan isn't always the one with the smallest number in the rate box. It's the one that fits your budget and your long-term goals. Let's talk through what actually makes sense for your situation. Reach out if you'd like to walk through what different loan choices would really cost you each month.
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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 Agostino (Augie) Iacono | Powered by Barrett Financial Group team any time and we'll walk you through your options. |
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Your Mortgage Advisor
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Agostino (Augie) Iacono | Powered by Barrett Financial Group
Agostino (Augie) Iacono | Powered by Barrett Financial Group
Augie@BarrettFinancial.com
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