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Mortgage Market Update
Alan Thain
Alan Thain
Thursday, September 3, 2026
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Confused about loan types? Let's break it down |
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Hi there. This week I want to help you understand the different mortgage programs available to you and how to think about choosing between them.
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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 type fits your situation
Not all mortgages work the same way. Fixed-rate loans keep your payment steady for the life of the loan—predictable and reliable. Adjustable-rate mortgages start lower but can change over time. FHA loans help buyers with smaller down payments. VA loans serve those who've earned them. Each program has strengths depending on your timeline, down payment, and comfort with risk. The right choice depends on your personal plan, not what worked for someone else. If you're unsure which path makes sense for your goals, I'd like to walk through your options with you. Reach out and let's talk about what loan program might work best 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 Alan Thain team any time and we'll walk you through your options. |
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