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Mortgage Market Update
Dwayne Kawar
Dwayne Kawar
Thursday, September 3, 2026
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Picking the right mortgage type |
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Hi there, I wanted to share something that doesn't get enough attention when people are shopping for a mortgage. The type of loan you choose shapes your entire borrowing experience.
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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
Not all mortgages work the same way
One of the biggest decisions you'll make isn't just about the interest rate—it's about the loan itself. Fixed-rate mortgages lock in your payment for 15, 20, or 30 years. Adjustable-rate mortgages start lower but can change. Government-backed loans like FHA and VA have different rules than conventional mortgages. Each one has trade-offs that matter depending on how long you plan to stay in your home and how comfortable you are with payment changes. The right choice depends on your situation, not just current rates. That's why I always recommend talking through your options before you commit. Let's figure out which loan program 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 Dwayne Kawar team any time and we'll walk you through your options. |
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