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Mortgage Market Update
My Mortgage Company
Lynn Berry — Ryan Berry
Thursday, September 3, 2026
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Finding the right mortgage for your situation |
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One of the most important choices in the mortgage process isn't talked about nearly enough: which loan program you choose. Here's why it 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
What loan type is right for your situation?
Not all mortgages work the same way, and picking the right loan program matters more than most people realize. Whether you're a first-time buyer, someone with a lower credit score, a self-employed borrower, or a buyer with a smaller down payment, there are programs designed with your circumstances in mind. The right fit can mean lower rates, better terms, or approval when you might not qualify elsewhere. The key is understanding which options actually apply to you and how they compare. I'd love to walk you through what's available based on where you stand right now. Let's talk about which loan program makes the most 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 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
Lynn Berry — Ryan Berry
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