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Mortgage Market Update
Brandy Feast
Brandy Feast
Thursday, September 3, 2026
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Why your loan type matters more than you think |
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Everyone's mortgage story is different. This week, I want to talk about one of the biggest decisions you'll make: which loan program to 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
Not all mortgages are built the same
One of the things I explain most often is why two borrowers with similar credit and down payments might end up with very different loan structures. It comes down to your situation—your timeline, how much you're putting down, whether you're a first-time buyer, or if you're borrowing against equity you've built. Different loan programs exist because different people have different needs. What works for your neighbor might not be the best fit for you. That's why I always start by listening to your goals before I recommend anything. If you're curious whether your current loan is the right one for you, or you're exploring options before buying, I'd love to walk through what's available. Reach out anytime—let's talk about which loan program makes sense for your situation.
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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 Brandy Feast team any time and we'll walk you through your options. |
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