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Mortgage Market Update
Kurt Kessler
Kurt Kessler
Thursday, September 3, 2026
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Picking the right loan for your goals |
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Every borrower's situation is different, and the mortgage market offers real options to match that. This week I want to walk you through why loan type matters.
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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
What loan type makes sense for your situation?
Not all mortgages are the same, and the right loan for your neighbor might not be the right one for you. Some borrowers benefit from fixed-rate loans that lock in predictability for decades. Others do better with adjustable-rate options if they plan to move or refinance within a few years. First-time buyers often have access to programs with lower down payments or more flexible credit requirements. Self-employed owners, buyers with larger down payments, and people with unique financial pictures each have programs designed with them in mind. The loan type you choose affects not just your monthly payment, but how you build equity and what flexibility you have down the road. I'd love to walk through your specific goals and show you which programs actually align with your plans. Let's talk about which loan program fits your needs best.
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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 Kurt Kessler team any time and we'll walk you through your options. |
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