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Mortgage Market Update
My Mortgage Company
Kelly Rankin — Kelly Rankin
Thursday, September 3, 2026
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What your credit score really means for a mortgage |
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Hi there. I want to talk about something that affects almost every borrower I meet—and it's often misunderstood.
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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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Credit & Qualification
Your credit score matters more than you think
I work with borrowers every week who are surprised to learn how much their credit score influences their mortgage terms. A stronger credit profile can open doors to better loan options and more favorable terms, while a lower score might limit your choices or cost you more over time. The good news is that credit isn't static—it moves. If you're thinking about buying or refinancing in the next year or two, understanding where you stand now gives you time to strengthen your position. I'd love to review your situation and talk about what makes sense for your timeline and goals. Let's have a quick conversation about where you stand and what your next step might be.
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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
Kelly Rankin — Kelly Rankin
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