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Mortgage Market Update
Lester Marcano
Lester Marcano
Thursday, September 3, 2026
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Picking the right loan for your home |
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Hi there. One of the most important decisions in the mortgage process isn't about interest rates—it's about the type of loan you choose.
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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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Loan Programs
What loan type is right for your situation?
Not all mortgages are created equal. Depending on where you are in life—whether you're a first-time buyer, a repeat homeowner, or someone with a non-traditional financial profile—different loan programs may serve you better than others. Some borrowers benefit from fixed-rate stability; others find adjustable rates make sense for their timeline. VA, FHA, and conventional loans each have their own strengths and qualifying rules. The right choice isn't always obvious, and what worked for your neighbor might not be your best fit. I'd love to walk you through the options that match your goals and circumstances. Let's talk about which loan program aligns with where you're at right now.
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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 Lester Marcano team any time and we'll walk you through your options. |
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