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Mortgage Market Update
Torben Berndt
Torben Berndt
Thursday, September 3, 2026
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What type of mortgage fits your plan? |
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Hi there—I wanted to touch base this week about something that affects your whole borrowing experience: 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 Program Guide
Which loan type makes sense for you?
There's no one-size-fits-all mortgage. Depending on your situation—how long you plan to stay in your home, your down payment size, your credit profile, and your comfort with payment changes—different loan programs serve different borrowers well. Some people benefit from fixed rates for predictability. Others qualify for programs designed to help with down payments or closing costs. A few find adjustable options worth considering if they plan to sell or refinance within a set timeframe. The right choice depends entirely on your goals and circumstances, not on what your neighbor chose. I'd like to walk through the options that might fit your picture and help you understand the trade-offs. Reach out whenever you're ready to explore what's available to you. Let's talk through which program could work best for your home and your budget.
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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 Torben Berndt team any time and we'll walk you through your options. |
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