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Mortgage Market Update
Jason Thomas
Jason Thomas
Thursday, September 3, 2026
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When rates shift, your options change |
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Hi there. Markets move, and mortgage rates move with them. Here's what you should know about staying ready.
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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 when rates shift
Rate changes happen for reasons outside any of our control, and they affect your options in real time. When rates move, your monthly payment on a new loan changes, but so does the value of refinancing an existing loan—and sometimes the urgency shifts too. The best move today might look different next month. That's why I recommend checking in on your situation whenever rates take a meaningful turn. A quick conversation can help you figure out whether waiting, acting now, or locking something in makes sense for your specific goals and timeline. Let's talk about what a rate move means for your next step.
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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 Thomas team any time and we'll walk you through your options. |
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