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Mortgage Market Update
Terri Churchman
Terri Churchman
Thursday, September 3, 2026
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What type of mortgage makes sense for you? |
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Not all mortgages are created equal—and that's a good thing. Different loan programs exist because different borrowers have different needs.
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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 works best for your situation?
There's no one-size-fits-all mortgage. Some borrowers benefit from fixed-rate loans for predictable monthly payments. Others find adjustable-rate mortgages useful as a stepping stone. Federal programs like FHA, VA, and USDA loans open doors for borrowers who might not qualify elsewhere. Conventional loans work well for those with solid credit and a larger down payment. The right choice depends on your timeline, risk tolerance, credit profile, and how long you plan to stay in your home. I've helped borrowers through every program, and the key is matching the loan to your actual life—not what sounds fanciest. Let's talk through your options. Reach out if you'd like to explore which program 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 Terri Churchman team any time and we'll walk you through your options. |
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