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Thursday, September 3, 2026 |
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A Note From Ryan Kearns
Most of what's in here is the news everyone's reading. Rates, headlines, the same stories making the rounds.
The headlines are one thing. What they mean for you is another, and that's where I come in.
If something below catches your eye, or nothing has and you're just wondering where you stand, call me. That's what I'm here for.
— Ryan
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Mortgage Market Update
Picking the right mortgage matters
Hi there—this week I want to cover something that doesn't always get enough attention: the type of loan you choose can be just as important as the interest rate.
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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
Not all mortgages work the same way
One of the biggest decisions you'll make isn't just about the rate—it's about which loan program fits your situation. A fixed-rate mortgage locks in your payment for the entire loan. An adjustable-rate mortgage (ARM) starts lower but changes over time. Some programs require less down, others reward a larger one. Some are built for first-time buyers, others for people with unique financial pictures. The right choice depends on how long you plan to stay in the home, your risk tolerance, and what your budget can handle both now and down the road. I'd love to walk you through which programs might make sense for where you are today.
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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 Ryan Kearns team any time and we'll walk you through your options.
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3903 Northdale Blvd., Suite 100E Tampa FL 33624
813-540-3319
Kearns Mortgage Team, NMLS #2177472 · Unsubscribe
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