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Mortgage Market Update
James S Boggs
James S Boggs
Thursday, September 3, 2026
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Why homeowners think differently about money |
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Every week I see people surprised by how much ownership changes their financial picture. Let's talk about one of the biggest shifts.
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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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Loan Programs
What changes when you move from renting to owning
A lot of people think the jump to homeownership is just about a bigger payment. But it's really about what comes with it. When you own, you build equity with every payment instead of writing a check that disappears. You get tax deductions, stability in your housing costs, and the ability to borrow against what you've built. You also take on maintenance and property taxes—but here's the thing: most homeowners I work with say the trade-off is worth it. The loan program you choose affects how quickly you build that equity and what flexibility you have down the road. Want to understand which path makes sense for your situation?
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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 James S Boggs team any time and we'll walk you through your options. |
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2701 East Insight Way, Suite 150, Chandler, AZ 85286
210-378-5189 | https://www.barrettfinancial.com/jboggs
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