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Mortgage Market Update
Ronnee Walton
Ronnee Walton
Thursday, September 3, 2026
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Which loan type fits your needs? |
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Hi there. When it comes to financing a home, one size doesn't fit all—and that's actually good news for you.
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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 Fit
Finding the right loan type for your situation
Not all mortgages are created equal, and the best loan for your neighbor might not be the best for you. Whether you're a first-time buyer, refinancing, or looking to move, loan programs vary in down payment requirements, rate structures, flexibility, and long-term costs. Some borrowers benefit from adjustable rates, others need fixed predictability. Some qualify for programs with lower down payments or built-in flexibility for life changes. The right fit depends on your timeline, risk tolerance, and financial goals. If you're unsure which program makes sense for your circumstances, I'd be happy to walk through the options and what each one means for your monthly payment and overall plan. Reach out if you'd like to explore which loan program aligns best with 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 Ronnee Walton team any time and we'll walk you through your options. |
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