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Mortgage Market Update
Kevin Huettner
Kevin Huettner
Thursday, September 3, 2026
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Picking the right loan type matters |
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Hi there. There's more variety in mortgage programs than most people realize, and understanding the differences can make a real impact on your decision.
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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 shopping for a mortgage, you'll hear terms like fixed-rate, adjustable-rate, FHA, conventional, and VA. Each one has different rules, costs, and protections built in. The right choice depends on your situation: how long you plan to stay, what you can afford today versus later, and what matters most to you. A loan that works great for your neighbor might not be the best fit for you. That's why I always start by understanding your timeline and goals before recommending a program. If you've wondered which type might work for your circumstances, I'd be happy to walk through the options. Let's talk about which loan program makes sense for you.
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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 Kevin Huettner team any time and we'll walk you through your options. |
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