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Mortgage Market Update
Elijah Bernhardt
Elijah Bernhardt
Thursday, September 3, 2026
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Has your financial picture changed lately? |
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Hi there. A lot can shift in six months—your job, your debts, your goals. Want to know how it affects your mortgage options?
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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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Affordability Check
Your budget today vs. six months ago
If you've been thinking about buying or refinancing, here's something worth knowing: your actual borrowing power can shift even when rates stay flat. Changes in your income, credit score, debts, or down payment savings all play a real role in what you can afford. Some people are surprised to find they qualify for more than they thought. Others discover that paying down a car loan or credit card made a meaningful difference. It's not complicated, but it's worth checking in on. Life changes fast, and your financial picture does too. I'd love to run a fresh look at your situation—no pressure, just clarity. Let's see where you stand with a quick affordability check.
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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 Elijah Bernhardt team any time and we'll walk you through your options. |
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