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Mortgage Market Update
Josh Jiron
Josh Jiron
Thursday, September 3, 2026
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The loan program question most people skip |
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Hi there. This week I want to talk about something that gets overlooked in the rate conversation—but it's just as crucial to your finances.
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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 actually fits your budget
When you're shopping for a mortgage or thinking about refinancing, the interest rate gets all the attention—but the loan program itself is just as important to your wallet. A 15-year loan, a 30-year loan, an ARM, a jumbo product—they all work differently and affect your monthly payment, total interest, and long-term flexibility in distinct ways. The right choice depends on how long you plan to stay in your home, how much payment stability matters to you, and what you can comfortably afford each month. I'd like to walk through your situation and show you which programs actually make sense for your goals, not just which one has the lowest rate this week. Let's talk through what loan program works best for where you are right now.
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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 Josh Jiron team any time and we'll walk you through your options. |
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