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Mortgage Market Update
Brent Moody
Edge Home Finance Corp
Thursday, September 3, 2026
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Which mortgage type works for you? |
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There's more than one way to borrow for a home, and the path you take can make a meaningful difference. Let me show you what options exist for your specific situation.
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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 Program Fit
Finding the right loan type for your goals
Not all mortgages work the same way, and that matters more than you might think. Some borrowers benefit from fixed-rate stability; others prefer the flexibility of adjustable terms. First-time buyers often have access to programs designed specifically for them. If you're a veteran, a teacher, or you're buying in a rural area, specialized loan types may open doors or save you money. The program that makes sense depends on your timeline, your income, how long you plan to stay in your home, and what matters most to you financially. Getting this choice right from the start can mean real savings over the life of your loan. I'd love to walk through what's available to you and which option aligns with 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 Brent Moody team any time and we'll walk you through your options. |
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(253) 381-4067 | www.brentmoodyloans.com
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