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Mortgage Market Update
Rafi Hatamian
Phast Funding
Thursday, September 3, 2026
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Picking the right loan program for you |
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Hello,
Every borrower's situation is different, and your loan program should reflect that.
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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
Which loan program fits your situation?
Not all mortgages are the same, and the right loan program depends on your goals, timeline, and finances. Some borrowers benefit from fixed-rate loans that lock in predictability. Others find adjustable-rate options work better if they plan to move or refinance sooner. Then there are specialized programs—like those designed for first-time buyers or borrowers with unique circumstances—that can open doors that wouldn't otherwise. The program you choose shapes your monthly payment, your long-term costs, and your peace of mind. If you're unsure which makes sense for you, I'd love to walk through your options and show you how each one would actually work with your numbers. Let's talk about which loan program aligns best 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 Rafi Hatamian team any time and we'll walk you through your options. |
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(310) 849-1450
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