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Mortgage Market Update
Travis Buis
Travis Buis
Thursday, September 3, 2026
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Which loan program fits your plan? |
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Hi there. Every borrower's situation is different, and so should their loan choice. This week I want to show you why the program matters just as much as the rate.
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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
Finding the right loan type matters more than you think
When you're ready to buy or refinance, the loan program you choose shapes your entire borrowing experience—not just your rate, but your flexibility, costs, and long-term savings. Fixed-rate loans offer predictability; adjustable programs may start lower but shift over time. Some programs reward strong credit; others open doors for borrowers with less-than-perfect history. Government-backed loans work differently than conventional ones. The right fit depends on your timeline, comfort with change, and financial goals. I'd love to walk you through your options and show you which program aligns with your situation. Let's talk through which loan type makes sense for you—reach out anytime.
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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 Travis Buis team any time and we'll walk you through your options. |
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