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Mortgage Market Update
Anita Conrad
Anita Conrad
Thursday, September 3, 2026
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Different loan types, different results |
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There's more to choosing a mortgage than just the interest rate. The type of loan you pick plays a huge role in your monthly payment and long-term flexibility.
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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
Not all mortgages work the same way
When you're ready to buy or refinance, the loan program you choose shapes your entire financial picture—your monthly payment, how much you can borrow, and what flexibility you have down the road. Fixed-rate mortgages lock in predictability. Adjustable-rate mortgages may start lower but change over time. FHA, VA, and conventional loans each have their own rules about down payments, credit, and who qualifies. Understanding your options means you're not just picking a rate; you're picking the right fit for your situation. I'm here to walk you through what each program means for you and help you find the one that makes sense for your goals. Let's talk about which loan program fits your plan 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 Anita Conrad team any time and we'll walk you through your options. |
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