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Mortgage Market Update
Jason Stroder
Evolve Capital Lending
Thursday, September 3, 2026
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A small habit that changes your payoff timeline |
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Hi there—I wanted to share something about mortgages that doesn't get talked about enough: the real impact of what happens after you sign the papers.
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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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Smart Money
Why paying extra toward principal matters
One of the most overlooked ways to build wealth through homeownership is accelerating your mortgage payoff by making extra payments toward principal. Even small additional amounts—say, an extra payment once or twice a year, or a modest bump to your monthly payment—can meaningfully reduce the total interest you'll pay over the life of your loan and shorten the time until you own your home free and clear. The earlier in your mortgage those extra dollars go, the more powerful the effect. I always encourage borrowers to understand their specific loan terms and payoff scenarios before committing to a strategy, but for many people, this simple habit transforms their long-term financial picture. If you'd like to explore what an accelerated payoff plan might look like for your situation, I'm happy to walk through the numbers with you.
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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 Jason Stroder team any time and we'll walk you through your options. |
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