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Mortgage Market Update
My Mortgage Company
Angela Maw — RISE Lending
Thursday, September 3, 2026
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Which mortgage type works best for you? |
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Hi there. With so many loan options out there, it's easy to feel lost in the details. This week I want to break down why the type of loan you choose matters just as much as 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
Finding the right loan type for your situation
Not all mortgages are created equal, and the right loan for your neighbor might not be the right one for you. Whether you're a first-time buyer, looking to refinance, or buying again, understanding the differences between loan programs—fixed-rate, adjustable-rate, government-backed options, and others—can make a real difference in your monthly payment and long-term costs. The program that works depends on your timeline, risk tolerance, down payment, and credit. I'd be happy to walk you through the options and help you figure out which one makes the most sense for where you are right now. Give me a call or send over a note—let's talk about which loan type fits 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 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
Angela Maw — RISE Lending
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