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Mortgage Market Update
Troy Holm
Troy Holm
Thursday, September 3, 2026
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When rates move, does your payment change? |
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Hi there—this week I want to answer a question that comes up every time the market 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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Payment Planning
What happens to your mortgage payment when rates move
I get asked this a lot, so let me clear it up: if you have a fixed-rate mortgage, your payment stays the same for the life of the loan—rate changes don't touch it. But if you're shopping for a home or thinking about refinancing, interest rate movement affects how much house you can afford and what your monthly payment will be. Even a small shift in rates can change your purchasing power or savings potential. Understanding this helps you plan smarter, whether you're locking in today or waiting to see where things go. I'm here to walk through the numbers with you whenever you're ready. Let's talk about what rate environment means for your goals.
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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 Troy Holm team any time and we'll walk you through your options. |
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