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Mortgage Market Update
J. Aaron Kapp
John Hudson
Thursday, September 3, 2026
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Choosing the right loan for your needs |
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Hi there. This week I want to cover something that shapes your entire borrowing experience: picking a loan program that actually fits your life.
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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 type makes sense for your situation?
Not all mortgages are created equal. Depending on where you are in life—whether you're a first-time buyer, refinancing an existing loan, or looking to tap into your home's equity—different loan programs may work better for your financial goals and timeline. Fixed-rate loans offer payment stability and peace of mind. Adjustable-rate options can mean lower starting payments. Government-backed programs have their own advantages for eligible borrowers. The right choice depends on your comfort level with risk, how long you plan to stay in your home, and what your monthly budget looks like. I'm happy to walk through the pros and cons of each so you can make a choice that fits your real situation—not just what sounds good on paper. Let's talk about which loan program aligns with your plans.
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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 J. Aaron Kapp team any time and we'll walk you through your options. |
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