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Mortgage Market Update
Jesse Moorhouse
Jesse Moorhouse
Thursday, September 3, 2026
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Picking a loan program that fits your life |
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Hi there. One of the most important decisions in a mortgage isn't just the rate—it's the program itself.
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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 the right loan program for your situation
Not all mortgages are created equal, and the right program depends on where you are in life. Some borrowers benefit from fixed rates that lock in predictability. Others qualify for programs with lower upfront costs or built-in flexibility. First-time buyers have options tailored to their circumstances. Homeowners with existing loans may find different programs work better on a refinance. The key is matching the program to your goals—whether that's stability, lower monthly payments, faster payoff, or something else entirely. I'd be happy to walk through which programs make sense given what matters most to you. Let's talk about which loan program aligns with 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 Jesse Moorhouse team any time and we'll walk you through your options. |
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