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Thursday, September 3, 2026 |
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Mortgage Market Update
The right loan program depends on your situation
Hi — one of the most common questions I hear is "which mortgage should I get?" The answer isn't one-size-fits-all.
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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
Different loan types work for different situations
Not every mortgage is the same, and that's actually a good thing. Depending on where you are in life and what your financial picture looks like, one loan program might serve you better than another. Some borrowers benefit from fixed rates for predictability. Others have options with adjustable rates or specialized programs designed for specific circumstances. The right fit depends on your timeline, your comfort with payment changes, and your overall financial goals. I'd be happy to walk through what's available to you and why one program might make more sense than another for your situation. Reach out and let's talk about which loan type fits your needs best.
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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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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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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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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 Michael Langille team any time and we'll walk you through your options.
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30 S 7th Ave, Brighton, CO 80601
303-549-1119
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