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Mortgage Market Update
My Mortgage Company
Ron Succarotte — Ronald Angelo Succarotte
Thursday, September 3, 2026
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Picking the right loan program for you |
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Every borrower is different, and so are the loans that serve them best. This week I want to help you understand why program choice matters.
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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
Finding your best loan program match
Not all mortgages are created equal, and the right program for your neighbor might not be the right one for you. Some borrowers benefit from fixed-rate stability. Others do well with adjustable rates if they plan to sell or refinance soon. First-time buyers often qualify for programs with lower down payments. Those with substantial equity might unlock better terms on a cash-out refinance. The key is matching the loan structure to your timeline, risk comfort, and financial goals. I'd love to walk through your situation and show you which programs actually make sense for where you are today. Let's talk about which loan program fits your plans 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 My Mortgage Company team any time and we'll walk you through your options. |
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Your Mortgage Advisor
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My Mortgage Company
Ron Succarotte — Ronald Angelo Succarotte
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