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Thursday, September 3, 2026 |
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Mortgage Market Update
Understanding your loan terms better
Hi there. This week I want to talk about something that matters more than most people realize: actually knowing the details of your mortgage.
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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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Smart Borrowing
Why paying attention to your loan terms matters
When you're focused on your monthly payment, it's easy to overlook what's actually happening with your loan. But the terms you choose—how long you have to pay it back, what type of rate you lock in, how much you're putting down—these decisions ripple through your finances for years. I've worked with borrowers who didn't fully understand whether they had a fixed or adjustable rate, or how refinancing earlier could have saved them thousands. Knowing your own loan inside and out puts you in the driver's seat. Whether you're thinking about buying, refinancing, or just want to understand what you're carrying, I'm here to walk you through it in plain English. Let's review your loan together and make sure it still 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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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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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 Connie Oller team any time and we'll walk you through your options.
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30 S 7th Ave, Brighton CO 80601
303-717-3223
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