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Mortgage Market Update
Chris Ristau
Chris Ristau
Thursday, September 3, 2026
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What type of loan fits your plan? |
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Hi there, I wanted to share some thoughts on something that comes up often in my conversations with clients—and it's rarely one-size-fits-all.
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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
Finding the right loan type for your goals
Not all mortgages are created equal, and the right one depends on where you are in your financial life. Whether you're a first-time buyer, planning to stay put for decades, or thinking about a move in a few years, different loan structures can work better than others. Some programs offer flexibility; others reward stability with better terms. The choice affects not just your monthly payment, but how your equity builds and what happens if your situation changes. I'd encourage you to think about your timeline and comfort level—then let's talk through which option fits best. Reach out if you'd like to explore what loan type makes the most sense for your situation.
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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 Chris Ristau team any time and we'll walk you through your options. |
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