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Mortgage Market Update
Ben Yost
Ben Yost
Thursday, September 3, 2026
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Your mortgage options might surprise you |
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Hi there. This week I want to touch on something that doesn't get enough attention: the mortgage programs themselves.
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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 are created equal
One of the biggest mistakes I see is borrowers thinking there's only one type of loan available to them. In reality, you likely have options—fixed-rate mortgages, adjustable-rate programs, FHA loans, conventional financing, and more. Each one has different terms, requirements, and long-term costs that can add up to real money over 15 or 30 years. The right choice depends on your timeline, risk tolerance, and financial goals. If you've never compared programs side by side, or if your situation has changed since you last looked, it might be worth exploring what's actually available to you. I'm happy to walk through the differences and help you understand which option makes sense for your situation. Let's talk about which loan program fits your needs 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 Ben Yost team any time and we'll walk you through your options. |
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