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Mortgage Market Update
My Mortgage Company
Carli Anderson — Carli Anderson CRM
Thursday, September 3, 2026
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Picking the right loan type matters more than you think |
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Not all mortgages work the same way. Here's why choosing the right loan program is one of the smartest decisions you'll make as a homeowner.
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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
What your loan type really means for your budget
When you're shopping for a mortgage, you'll hear terms like fixed-rate, adjustable-rate, FHA, conventional, and VA. These aren't just industry jargon—they're the foundation of what you'll pay each month and how your loan behaves over time. Your loan type affects everything from your interest rate to the down payment you need to whether you can tap into your equity later. The right program for you depends on your timeline, risk tolerance, and financial picture. I'd rather see you pick the loan that actually fits your life than chase the one with the lowest teaser rate. If you're unsure which programs you qualify for or which makes sense for your situation, that's exactly what I'm here to help you figure out. Let's walk through your options together—reach out when you're ready.
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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
Carli Anderson — Carli Anderson CRM
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