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Mortgage Market Update
My Mortgage Company
Trevor Flaten
Thursday, September 3, 2026
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Rate moves—and what that means for you |
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Hi there. I wanted to share something I explain a lot, because it helps borrowers make smarter decisions.
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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 a rate change means for your monthly payment
When mortgage rates move, the first question I hear is: how much will my payment change? It's a smart thing to wonder about. Even a small shift in rates can affect what you owe each month, and understanding that relationship helps you plan your budget and decide whether a refinance makes sense for you. The good news is that you don't have to guess—we can show you exactly how a rate change would impact your specific loan. If you're curious what your payment might look like under different rate scenarios, or if you're wondering whether now is worth acting on, I'd love to walk through the numbers with you. Let's talk through what rate movement could mean 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 My Mortgage Company team any time and we'll walk you through your options. |
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Your Mortgage Advisor
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My Mortgage Company
Trevor Flaten
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