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Mortgage Market Update
Lisandro Sky
Lisandro Sky
Thursday, September 3, 2026
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Picking the right mortgage type |
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Hi there. One of the most important decisions you'll make isn't just how much to borrow—it's what kind of loan to get. Let me break down why that 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
Why your loan type matters more than you think
Not all mortgages work the same way, and the program you choose affects your monthly payment, long-term costs, and flexibility down the road. Fixed-rate loans lock in your interest rate for the life of the loan—predictable and stable. Adjustable-rate mortgages start lower but can change over time. Government-backed programs like FHA, VA, and USDA loans have different eligibility rules and benefits. The right choice depends on how long you plan to stay in your home, your risk tolerance, and what you can afford. I'm here to walk you through your options and help you understand which program makes sense for your situation. Let's talk about which loan program fits your goals 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 Lisandro Sky team any time and we'll walk you through your options. |
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