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Mortgage Market Update
YASMIN MARTIN
Yasmin Martin
Thursday, September 3, 2026
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Picking the right mortgage type for you |
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There's more to a mortgage than meets the eye. Let me break down why your loan choice 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
What your loan type means for your wallet
Not all mortgages work the same way, and the loan program you choose affects more than just your interest rate—it shapes your payment stability, flexibility, and long-term cost. Fixed-rate loans lock in certainty. Adjustable options may start lower but change over time. Some programs let you build equity faster or require a smaller down payment. Others come with trade-offs in fees or rate. The best choice depends on how long you plan to stay in your home, your risk tolerance, and what matters most to your budget right now. Understanding these differences helps you pick a loan that actually fits your life, not just one that sounds good on paper. I'd love to walk you through what's available and what makes sense for your situation. Let's talk about which loan program could work best for you.
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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 YASMIN MARTIN team any time and we'll walk you through your options. |
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