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Mortgage Market Update
My Mortgage Company
Eduardo Villagomez
Thursday, September 3, 2026
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What type of mortgage fits your life? |
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There's more to picking a loan than just comparing rates. This week, I'm breaking down why the program itself matters.
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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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Smart Money
Why your loan type matters more than you think
When you're shopping for a mortgage, it's easy to focus only on the interest rate. But the type of loan you choose — fixed-rate, adjustable-rate, conventional, FHA, or VA — shapes your monthly payment, long-term costs, and financial flexibility in ways that rates alone don't capture. Each program has trade-offs. A fixed rate gives you predictability; an ARM might start lower but can change. Some programs require less down; others offer better terms for strong credit. The right choice depends on how long you plan to stay in the home, your comfort with risk, and your financial goals. I'd love to walk you through what each option really means for your situation and help you pick the one that fits. Let's talk about which loan program makes the most sense for you.
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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
Eduardo Villagomez
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