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Mortgage Market Update
Dave Medina
The Alevate Group/CMG Home Loans
Thursday, September 3, 2026
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Choosing the right loan program for you |
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Not all mortgages are created equal. The loan program you select can make a real difference in how your home purchase or refinance works out.
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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 program matters more than you think
When you're shopping for a mortgage, it's easy to focus only on the interest rate. But the type of loan you choose—whether it's a fixed-rate mortgage, an adjustable-rate option, a government-backed program, or something else—shapes your entire financial picture for years to come. Different programs offer different advantages depending on your timeline, risk tolerance, and goals. Some borrowers benefit from the predictability of fixed rates. Others find flexibility in adjustable programs if they plan to move or refinance soon. First-time buyers might qualify for programs with lower down payments. The right choice depends entirely on your situation, not on what worked for someone else. I'd love to walk through your options and help you understand which program aligns with your needs and comfort level.
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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 Dave Medina team any time and we'll walk you through your options. |
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28780 Single Oak Drive, Suite 250, Temecula, Ca 92590
951-858-4761 | https://www.cmgfi.com/team/Alevate-Group
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