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Mortgage Market Update
My Mortgage Company
Stephanie Washington — Stephanie Washington
Wednesday, August 19, 2026
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What your down payment really does |
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Hi there — I wanted to share something borrowers often overlook when they're planning their next move. Your down payment is more powerful than you might think.
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National Mortgage Rates · August 13, 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
Why your down payment size still matters
The size of your down payment affects more than just your monthly payment — it shapes your entire loan. A larger down payment typically means a lower loan amount, which can open doors to better terms and save you money over time. It also affects whether you'll pay mortgage insurance and how much equity you start with on day one. If you're thinking about buying soon or refinancing, understanding how your down payment works is worth a conversation. I'm here to walk you through how different scenarios might play out for your situation. Let's talk about what down payment option makes sense for you.
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Tip of the Week
Inspect your attic insulation. Proper insulation reduces heating and cooling costs and can prevent ice dams on your roof.
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Tips for Homeowners
Fall Home Prep: Heating, Safety & Systems
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Have your heating system serviced before it's needed. A furnace failure in winter is an emergency — routine maintenance costs far less than emergency repairs.
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2.
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Test smoke detectors and carbon monoxide detectors and replace batteries. Carbon monoxide poisoning risk rises when heating systems run more frequently.
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3.
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Drain and shut off exterior faucets and sprinkler systems before the first freeze to prevent burst pipes — one of the most expensive and disruptive homeowner emergencies.
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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
Stephanie Washington — Stephanie Washington
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