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Mortgage Market Update
Michael Radcliffe
The Rad CRM
Thursday, September 3, 2026
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One number lenders care about most |
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Hi there. This week I want to walk you through something that shows up in every mortgage conversation, but a lot of borrowers don't realize they can improve it.
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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
The one number that changes everything
Your debt-to-income ratio — the percentage of your monthly income that goes toward debt payments — is one of the biggest factors lenders look at when you apply for a mortgage. It's also something you can actually control. By paying down existing debts before you buy or refinance, you improve your ratio, which can mean access to better loan terms and programs. Even small wins matter: paying off a car loan or credit card can make a real difference in what you qualify for. If you're thinking about your next move with a home, it's worth taking a hard look at this number now. Let's talk about where your debt-to-income ratio stands and what it might mean for your options.
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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 Michael Radcliffe team any time and we'll walk you through your options. |
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