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Mortgage Market Update
My Mortgage Company
Ronnee Walton (For Deletion)
Thursday, September 3, 2026
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When your mortgage payment feels too high |
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Life changes, and so do financial priorities. Here's what to know if you're looking for relief on your mortgage.
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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
What to do if your mortgage payment just got tighter
If you're feeling the squeeze on your monthly budget, you're not alone. Rising costs of living hit hard, and sometimes that mortgage payment starts to feel like more than you bargained for. The good news: you have options. Refinancing to a longer loan term can lower your monthly payment. Some borrowers explore cash-out refinancing to consolidate higher-interest debt. Others tap into home equity with a line of credit when they need breathing room. The right move depends on your situation, your timeline, and what you're trying to accomplish. I'd love to walk through what might work for you—no pressure, just conversation. Let's talk about your options and find out what could ease your monthly load.
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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
Ronnee Walton (For Deletion)
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