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Mortgage Market Update
My Mortgage Company
Stephanie Washington — Stephanie Washington
Thursday, September 3, 2026
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Finding the right loan for you |
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Hi there. This week I want to walk you through an important choice that many borrowers overlook.
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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 fits your situation best?
Not all mortgages are created equal. Depending on where you are in your financial life, you might benefit from a conventional loan, an FHA program, a VA loan, or something else entirely. Each has different rules around down payments, credit requirements, and monthly costs. The right choice depends on your credit score, how much you've saved, whether you're a first-time buyer, active military, or a veteran, and how long you plan to stay in your home. I've helped borrowers save thousands by matching them with the loan program that actually works for their circumstances—not just the one that sounds familiar. If you're not sure which path makes sense for you, let's talk through your situation. Reach out and we'll find the loan program that 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
Stephanie Washington — Stephanie Washington
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