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Mortgage Market Update
My Mortgage Company
Michael Easton — Michael Easton Powered by Edge Home Finance
Thursday, September 3, 2026
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What kind of mortgage should you have? |
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Hi there. This week I want to shine a light on something borrowers don't always think about until it's too late: choosing the right loan program for your life.
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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 mortgage program fits your situation?
Not all mortgages are created equal, and the right program for your neighbor might not be right for you. Some borrowers benefit from fixed rates that lock in predictability. Others qualify for programs designed to help first-time buyers or those with unique financial pictures. A few smart moves—like understanding what programs you're actually eligible for—can open doors you didn't know existed. The best time to explore your options is before you need them, so you're ready when opportunity knocks. I'd love to walk you through what's available to you. Reach out and let's talk about which program makes the most sense for your goals.
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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 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
Michael Easton — Michael Easton Powered by Edge Home Finance
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