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Mortgage Market Update
Kristopher McCury
Kristopher McCurry
Thursday, September 3, 2026
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Picking the right mortgage type for you |
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Hi there. Each week I share a thought about mortgages and homeownership that might help you make smarter decisions.
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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
Why your loan type matters more than you think
Not all mortgages are created equal. The type of loan you choose—whether fixed-rate, adjustable, FHA, conventional, or something else—shapes your payments, flexibility, and long-term costs in ways that go beyond just the interest rate. Some programs offer lower upfront costs, others protect you from payment surprises. Some are built for first-time buyers, others for people with equity to leverage. The right choice depends on your timeline, risk tolerance, and what you're trying to accomplish. I'd be happy to walk you through which programs align with your situation. Let's talk about which loan structure makes sense for you—reach out anytime.
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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 Kristopher McCury team any time and we'll walk you through your options. |
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