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Mortgage Market Update
Arturo Solis
Arturo Solis
Thursday, September 3, 2026
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Picking the right loan type for you |
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Hi there,
This week I want to walk you through something that doesn't get enough attention in the mortgage conversation.
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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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Smart Money
Why your loan type matters more than you think
When you're shopping for a mortgage, it's easy to focus only on interest rates. But the type of loan you choose—fixed-rate, adjustable-rate, FHA, conventional, VA—shapes your entire borrowing experience. Each has different rules about down payments, credit requirements, how your payment works over time, and what happens if rates move. The right loan for someone else might not be right for you. I've seen borrowers save thousands by matching their loan type to their actual situation: how long they plan to stay, whether they're comfortable with payment uncertainty, what their credit and savings look like. It's worth a real conversation before you commit. Let's talk about which loan type makes sense for your goals.
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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 Arturo Solis team any time and we'll walk you through your options. |
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Your Mortgage Advisor
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Arturo Solis
Arturo Solis
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