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Mortgage Market Update
Steven Dell’Aria
Steven Dell’Aria
Thursday, September 3, 2026
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Which loan type is right for you? |
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Hi there. This week I'm breaking down why your mortgage choice matters beyond just the rate.
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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 are built the same
When you're shopping for a home or thinking about your current loan, the interest rate gets most of the attention. But the type of mortgage you choose matters just as much. Fixed-rate loans, adjustable-rate mortgages, FHA programs, conventional financing — each one has different rules, costs, and long-term implications. What works for your neighbor might not work for you. The right loan depends on how long you plan to stay in your home, your credit profile, your down payment, and your comfort level with your monthly payment. I help borrowers understand these differences so they pick the option that actually fits their situation, not just the one with the lowest rate advertised. Let's talk about which loan program makes the most 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 Steven Dell’Aria team any time and we'll walk you through your options. |
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