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Mortgage Market Update
Ronald Carias
Ronald Carias
Thursday, September 3, 2026
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Picking the right loan program matters |
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Hi there. One of the biggest decisions in a mortgage isn't just the rate — it's which type of loan works best for your life.
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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 program is right for you?
Not all mortgages work the same way, and choosing the right loan program can make a real difference in your monthly payment and long-term costs. Whether you're a first-time buyer, looking to refinance, have a smaller down payment, or want to lock in a fixed rate, there are options built for different situations — fixed-rate mortgages, adjustable-rate loans, government-backed programs, and more. Each has its own advantages depending on your timeline, financial picture, and comfort level. The right fit depends on what matters most to you right now. I'd love to walk you through which programs make sense for your goals and help you understand what each one really means for your wallet. Let's talk about which loan program fits your situation 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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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 Ronald Carias team any time and we'll walk you through your options. |
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