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Mortgage Market Update
Loans By Brad
Loans By Brad
Thursday, September 3, 2026
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Which mortgage structure fits you best? |
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There are more paths to homeownership than most people realize. This week I want to help 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
What loan type is right for your situation?
Not all mortgages work the same way, and the right choice depends on your goals and timeline. Some programs favor first-time buyers, others reward those with strong credit or a substantial down payment. Some lock in predictable payments for 30 years; others start lower but adjust over time. The key is matching the loan structure to your financial picture—not just chasing the lowest rate you can find. When you're ready to explore what's actually available to you, I can walk through the real tradeoffs and help you see which program makes sense. Let's talk through your options.
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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 Loans By Brad team any time and we'll walk you through your options. |
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