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Mortgage Market Update
Amri Hernandez
Amri Hernandez
Thursday, September 3, 2026
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Which mortgage fits your situation? |
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Hi there. With so many loan options out there, it's easy to feel overwhelmed. I want to help you understand what's actually available to you.
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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 you?
There's no one-size-fits-all mortgage. Depending on your situation—how long you plan to stay in your home, your credit profile, how much you can put down, and what your income looks like—different loan programs work better for different people. Some borrowers benefit from fixed rates for predictability. Others find adjustable programs valuable early on. Government-backed loans open doors for first-time buyers and veterans. Conventional loans offer flexibility for those with stronger finances. The right choice isn't about what's popular; it's about what aligns with your life and goals. I'd be happy to walk you through the options and help you figure out which program actually fits your situation best. Let's talk about which loan program might work best for your goals.
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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 Amri Hernandez team any time and we'll walk you through your options. |
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