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Mortgage Market Update
Kris Rich
Kristen Rich
Thursday, September 3, 2026
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What kind of loan makes sense for you? |
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Hi there. I want to make sure you know about all your options when it comes to financing your home—because choosing the right program can make a real difference.
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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 program fits your situation?
Not all mortgages are created equal. Depending on where you are in your homeownership journey—whether you're a first-time buyer, moving up, or refinancing—different loan structures can work better for your goals and finances. Some programs offer flexibility on down payments or credit requirements. Others reward you for a longer timeline or a larger upfront commitment. The right choice depends on your income stability, how long you plan to stay in the home, and what monthly payment makes sense for your budget. I'd love to walk you through the options that apply to your specific situation and help you understand which one aligns with your priorities. Let's talk about which loan program is the best fit 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 Kris Rich team any time and we'll walk you through your options. |
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