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Mortgage Market Update
Marc Hayes
Marc Hayes
Thursday, September 3, 2026
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Could rising rates help your home plans? |
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Hi there. I wanted to share something I'm seeing play out in the market right now that might surprise you.
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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
When higher rates actually work in your favor
It sounds counterintuitive, but rising rates can shift what you're able to afford—and sometimes that's a good thing. When rates climb, home prices often soften as fewer buyers compete. Your buying power might stretch further than it did six months ago, even if your monthly payment looks similar. The same logic works for refinancing: if you're thinking about tapping equity or consolidating debt, higher rates mean lenders are more selective, which can actually mean better terms for qualified borrowers. The takeaway: don't assume higher rates automatically mean worse news. Sometimes the market realigns in ways that open new doors. Let's talk about what your situation looks like right now—give me a call or send a message.
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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 Marc Hayes team any time and we'll walk you through your options. |
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