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Mortgage Market Update
Amy Velsh
Amy Velsh
Thursday, September 3, 2026
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When rates move, your options change |
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Hi there. This week I'm breaking down why interest rate moves matter to you — and what you should think about when they do.
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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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Home Affordability
What changes when rates move
When interest rates shift — even by a small amount — it touches almost everything about your mortgage: your monthly payment, how much home you can afford, and whether refinancing makes sense. A lot of borrowers don't realize that rate changes ripple beyond just the interest you pay. They affect your buying power, your long-term costs, and sometimes the loan programs available to you. If you've been thinking about buying, selling, or taking a fresh look at your current loan, understanding how rates shape your options is the first step to making a move that's right for your situation. Let's talk about what a 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 Amy Velsh team any time and we'll walk you through your options. |
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