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Mortgage Market Update
Matthew Bramow
Matthew Bramow
Thursday, September 3, 2026
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Your mortgage payment: what can change |
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Every loan is different, and knowing the specifics of yours puts you in control. This week I want to walk you through what typically stays fixed and what might shift over time.
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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 Habit
Why your mortgage payment might change
If you have an adjustable-rate mortgage or an ARM, you're probably aware that your rate can shift after an initial fixed period. But even borrowers with fixed-rate loans should know that their total monthly payment can move—usually because of changes to property taxes or homeowners insurance. Understanding what can and can't change in your loan helps you budget with confidence and plan ahead. If you're unsure whether your mortgage terms lock everything in or leave room for adjustment, that's exactly the kind of question I'm here to answer. Give me a call or send a message if you'd like to review your loan structure and what to expect down the road.
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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 Matthew Bramow team any time and we'll walk you through your options. |
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