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Mortgage Market Update
My Mortgage Company
Darius Bryant — Darius Bryant
Thursday, September 3, 2026
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Your loan options, explained simply |
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Every homeowner's situation is different. This week, I want to make sure you understand the choices available to you.
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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 fits your situation?
Not all mortgages are the same—and the right choice depends on your timeline, risk tolerance, and financial picture. Some borrowers benefit from fixed-rate loans that lock in predictability. Others find adjustable-rate programs work better if they're planning to sell or refinance within a few years. There are also specialized programs for first-time buyers, rural properties, or those with specific credit situations. The program you choose affects not just your rate, but your flexibility down the road. I'd love to walk you through what makes sense for your goals and help you understand the real trade-offs of each option. Let's talk about which loan program aligns best 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 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
Darius Bryant — Darius Bryant
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