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Mortgage Market Update
Allie Stevens
Allie Stevens
Thursday, September 3, 2026
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Picking the right mortgage for your goals |
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Hi there. This week I want to talk about something that gets overlooked more often than it should: the mortgage itself, not just the rate.
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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
Which loan type fits your situation?
Not all mortgages work the same way, and picking the right one for your life matters more than most borrowers realize. Fixed-rate loans lock in your payment for the entire term—predictable and simple. Adjustable-rate mortgages start lower but can change over time. Some programs are built for first-time buyers, others for those with less-than-perfect credit, and some let you put down a smaller amount. The best choice depends on how long you plan to stay, what your budget looks like, and how comfortable you are with change. I work with borrowers every week who wish they'd understood their options better upfront. Let's talk about which program actually serves your goals. Give me a call or send a message—I'm happy to walk through what makes sense for you.
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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 Allie Stevens team any time and we'll walk you through your options. |
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