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Mortgage Market Update
Brett Stratton
Barrett Financial Group
Thursday, September 3, 2026
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Picking the right mortgage for your situation |
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Hi there. This week I want to walk through loan programs — because the mortgage you choose matters as much as the rate you get.
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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 loan type makes sense for you?
There's no one-size-fits-all mortgage. Depending on your situation — how long you plan to stay in the home, your down payment size, your credit profile, or your income — different loan programs offer real advantages. Some borrowers benefit from fixed-rate stability; others find adjustable rates work well early on. First-time buyers may qualify for programs with lower down payments. If you have a VA background, farming income, or a unique financial picture, specialized programs exist to fit you. The wrong choice can cost you thousands over the life of the loan. The right one gives you peace of mind and better economics. I'd like to review your specifics and show you what options actually open up 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 Brett Stratton team any time and we'll walk you through your options. |
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2701 East Insight Way suite 150, Chandler, AZ 85286
+1 214-709-1484 | https://brettstratton.theradcrm.com/homepage
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